Equipment

12 Months Ended

Mar. 31, 2019

Property, Plant and Equipment [Abstract]

Equipment

NOTE 5 – EQUIPMENT

We state property and equipment at historical cost less accumulated depreciation. We compute depreciation using the straight-line method at rates intended to depreciate the cost of assets over their estimated useful lives, which are generally five to ten years. Upon retirement or sale of property and equipment, we remove the cost of the disposed assets and related accumulated depreciation from the accounts and any resulting gain or loss is credited or charged to selling, general, and administrative expenses. We charge expenditures for normal repairs and maintenance to expense as incurred.

We capitalize additions and expenditures for improving or rebuilding existing assets that extend the useful life. 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 March 31, 2019, March 31, 2018 and December 31, 2017:

	March 31, 2019			March 31, 2018			December 31, 2017
Leasehold Improvements	$	98,444		$	17,772		$	15,475
Furniture and Fixtures		154,777			8,102			33,751
Vehicles		103,511			89,388			36,500
Equipment		18,689,140			879,871			184,626
Tooling		117,390			359,351			579,951
Construction in Progress		3,352,669			-			-
Total property and equipment	$	22,515,931		$	1,354,484		$	847,303
Less accumulated depreciation		(516,144	)		(113,158	)		(77,861	)
Net equipment		21,999,787			1,241,326			769,442

Depreciation expense for the year ended March 31, 2019, for the three months ended March 31, 2018, and for the year ended December 31, 2017 totaled $402,986, $35,297, and $77,861, respectively.