FIXED ASSETS

6 Months Ended

Jun. 30, 2021

Property, Plant and Equipment [Abstract]

FIXED ASSETS

NOTE E – FIXED ASSETS

Fixed assets as of June 30, 2021 and December 31, 2020 consist of:

	June 30, 2021 (unaudited)			December 31, 2020
Machinery and equipment	$	490,927		$	941,473
Furniture and fixtures		14,498			14,498
Autos and Trucks		5,294			5,294
Total		510,719			961,265
Less: accumulated depreciation		(503,560	)		(648,797	)
Fixed Assets, net	$	7,159		$	312,468

Depreciation expense was $3,827 and $11,328 for the three months ended June 30, 2021 and 2020, respectively.

Depreciation expense was $15,298 and $22,656 for the six months ended June 30, 2021 and 2020, respectively.

The Company sold its CNC machining equipment for a sales price of $275,000 and incurred a loss of $15,011 from the sale of equipment. See Note F below.