Property, Plant and Equipment

9 Months Ended

Sep. 30, 2020

Property, plant and equipment [Abstract]

Property, plant and equipment

6. Property, plant and equipment   

Property, plant and equipment are stated at cost less accumulated depreciation and amortization and depreciated using the straight-line method over their useful lives. At September 30, 2020 and December 31, 2019, the Company’s property, plant and equipment, net consisted of the following: 

	2020			2019
Computer equipment and software	$	25,472		$	18,862
Furniture and other equipment		1,885			1,885
Equipment and machinery		792,566			—
Automobiles		5,154			—
Building held for leases		869,979			—
Construction in progress		45,567			—
Property, plant and equipment		1,740,623			20,747
Less: accumulated depreciation		(10,703	)		(9,000	)
Property, plant and equipment, net	$	1,729,920		$	11,747

Depreciation expense for the three months ended September 30, 2020 and 2019 amounted to $1,011 and $3,136, respectively. Depreciation expense for the nine months ended September 30, 2020 and 2019 amounted to $2,858 and $8,697 respectively.