General form of registration statement for all companies including face-amount certificate companies

PROPERTY AND EQUIPMENT

v3.21.1
PROPERTY AND EQUIPMENT
 12 Months Ended
Dec. 31, 2020
Property, Plant and Equipment [Abstract]  
PROPERTY AND EQUIPMENT

NOTE 4 – PROPERTY AND EQUIPMENT


The major classes of property and equipment are as follow at December 31, 2020 and 2019:

 

 

 

December 31,

 

 

December 31,

 

 

 

2020

 

 

2019

 

Furniture, fixtures and equipment

 

$

1,569,328

 

 

$

1,290,183

 

Less: Accumulated depreciation

 

 

(1,227,148

)

 

 

(1,030,002

)

 

 

$

342,180

 

 

$

260,181

 


Depreciation expense in 2020 and 2019 was $197,146 and $159,252, respectively.