Quarterly report pursuant to Section 13 or 15(d)

Fixed Assets

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Fixed Assets
 9 Months Ended
Sep. 30, 2019
Property, Plant and Equipment [Abstract]  
Fixed Assets

Note 7 – Fixed Assets

 

Fixed assets consist of the following at September 30, 2019 and December 31, 2018, respectively:

 

    September 30, 2019     December 31, 2018  
Land   $ 182,377     $ -  
Office equipment     24,928       18,314  
Furniture and fixtures     32,216       23,595  
Software     17,654       -  
Equipment and machinery     151,918       -  
Construction in progress     169,817       316,491  
      578,910       358,400  
Less: accumulated depreciation     (11,393 )     (1,961 )
Total   $ 567,517     $ 356,439  

 

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

 

Depreciation and amortization expense totaled $9,432 and $850 for the nine months ended September 30, 2019 and September 30, 2018, respectively.