Quarterly report pursuant to Section 13 or 15(d)

Fixed Assets

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Fixed Assets
3 Months Ended
Mar. 31, 2019
Property, Plant and Equipment [Abstract]  
Fixed Assets

Note 7 – Fixed Assets

 

Fixed assets consist of the following at March 31, 2019 and December 31, 2018, respectively:

 

    March 31,     December 31,  
    2019     2018  
Office equipment   $ 24,923     $ 18,314  
Furniture and fixtures     27,914       23,595  
Software     17,083       -  
Construction in progress     361,806       316,491  
      431,726       358,400  
Less: accumulated depreciation     (4,397 )     (1,961 )
Total   $ 427,329     $ 356,439  

 

Construction in progress consists of equipment and capital improvements on the Popayán farm that have not yet been placed in service.

 

Depreciation and amortization expense totaled $2,436 for the three months ended March 31, 2019.