Annual report pursuant to Section 13 and 15(d)

Property And Equipment Net

Property And Equipment Net

12 Months Ended

Dec. 31, 2021

Note 5 - Property and Equipment, Net

Property and equipment at December 31, 2021 and December 31, 2020 are as follows:

	December 31,			December 31,
	2021			2020
Equipment & installation	$	1,976,634		$	1,965,659
Trucking equipment		834,375			834,375
Office equipment, computer equipment and software		20,295			94,281
Total equipment		2,831,304			2,894,315

Less: accumulated depreciation		(2,809,467	)		(2,814,993	)
Construction in process		1,807,707			1,807,707
Property and equipment, net	$	1,829,544		$	1,887,029

The Company uses the straight-line method of depreciation over estimated useful lives of 2 to 5 years. During the years ended December 31, 2021 and 2020 depreciation expense was $68,460, and $188,675, respectively.