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

PROPERTY AND EQUIPMENT

v3.22.2.2
PROPERTY AND EQUIPMENT
 12 Months Ended
Dec. 31, 2021
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, 2021 and 2020:

 

           
    December 31,     December 31,  
    2021     2020  
Furniture, fixtures and equipment   $ 1,264,001     $ 1,569,328  
Less: Accumulated depreciation     (660,748 )     (1,227,148 )
Furniture, fixtures and equipment, Net    $ 603,253     $ 342,180  

 

Depreciation expense in 2021 and 2020 was $269,978 and $197,146, respectively.