Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment Net

Property and Equipment Net

6 Months Ended

Jun. 30, 2023

Note 5 - Property and Equipment, Net

Property and equipment at June 30, 2023 and December 31, 2022 are as follows:

	June 30,			December 31,
	2023			2022
Equipment & installation	$	1,095,140		$	1,095,140
Trucking equipment		845,102			845,102
Office equipment, computer equipment and software		1,873			20,295
Total equipment		1,942,115			1,960,537

Less: accumulated depreciation		(1,922,315	)		(1,939,652	)
Construction in process		1,807,707			1,807,707
Property and equipment, net	$	1,827,507		$	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 June 30, 2023 and 2022 depreciation expense was $543 and $2,118, respectively. During the six months ended June 30, 2023 and 2022 depreciation expense was $1,085 and $10,862, respectively.