Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment Net

Property and Equipment Net

3 Months Ended

Mar. 31, 2024

Note 5 - Property and Equipment, Net

Property and equipment at March 31, 2024 and December 31, 2023 are as follows:

	March 31,			December 31,
	2024			2023

Equipment & installation	$	1,095,139		$	1,095,139
Leasehold improvements		101,821			101,821
Trucking equipment		845,102			845,102
Office equipment, computer equipment and software		1,874			1,874
Total equipment		2,043,936			2,043,936

Less: accumulated depreciation		(2,036,513	)		(2,035,978	)
Construction in process		1,588,000			1,588,000
Property and equipment, net	$	1,595,423		$	1,595,958

The Company uses the straight-line method of depreciation over estimated useful lives of 2 to 5 years. During the three months ended March 31, 2024 and 2023, depreciation expense was $535 and $543, respectively.