Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment Net

Property and Equipment Net

3 Months Ended

Mar. 31, 2023

Note 5 - Property and Equipment, Net

Property and equipment at March 31, 2023 and December 31, 2022 are as follows:

	March 31,			December 31,
	2023			2022
Equipment & installation	$	1,095,140		$	1,095,140
Trucking equipment		845,102			845,102
Office equipment, computer equipment and software		1,874			20,295
Total equipment		1,942,116			1,960,537

Less: accumulated depreciation		(1,921,774	)		(1,939,652	)
Construction in process		1,807,707			1,807,707
Property and equipment, net	$	1,828,049		$	1,828,592

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, 2023 and 2022 depreciation expense was $543 and $8,744, respectively.