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Property and Equipment
6 Months Ended
Jun. 30, 2024
Property, Plant and Equipment [Abstract]  
Property and Equipment

Note 4 – Property and Equipment

Property and equipment consist of the following:

      
  

June 30, 2024

(unaudited) 

  December 31, 2023
Marine Equipment  $181,675   $181,675 
Furniture and fixtures    5,672    5,672 
Total   187,347    187,347 
Less – accumulated depreciation   (37,391)   (23,969) 
Property and equipment, net  $149,956   $163,378  

Depreciation expense is $13,422 and $11,701 for the six-month periods ended June 30, 2024 and 2023, respectively, and $6,711 and $5,851 for the three-month periods ended June 30, 2024 and 2023, respectively. Depreciation expense for the three-month and six-month periods ended June 30, 2024 and 2023 is included in Operating Expenses on the Consolidated Statements of Operations.

Marine equipment is subject to an operating lease agreement that ends on December 31, 2025 (Note 6).