PROPERTY AND EQUIPMENT

12 Months Ended

Dec. 31, 2017

Property, Plant and Equipment [Abstract]

PROPERTY AND EQUIPMENT

NOTE 5 – PROPERTY AND EQUIPMENT

Property and equipment are stated at historical cost less accumulated depreciation. Depreciation is computed using the straight-line method at rates intended to depreciate the cost of assets over their estimated useful lives. Upon retirement or sale of property and equipment, the cost of the disposed assets and related accumulated depreciation is removed from the accounts and any resulting gain or loss is credited or charged to selling, general and administrative expenses. Expenditures for normal repairs and maintenance are charged to expense as incurred.

Additions and expenditures for improving or rebuilding existing assets that extend the useful life are capitalized. Leasehold improvements made either at the inception of the lease or during the lease term are amortized over the shorter of their economic lives or the lease term including any renewals that are reasonably assured.

Property and equipment consisted of the following at December 31, 2017 and 2016:

	2017			2016
Leasehold Improvements	$	15,475		$	-
Furniture and Fixtures		33,751			-
Vehicles		36,500			-
Tooling		184,626			-
Equipment		576,951			-
Total property and equipment	$	847,303			-
Less accumulated depreciation		(77,861	)		-
Net property and equipment	$	769,442		$	-

Depreciation expense for the years ended December 31, 2017 totaled $77,861.