PROPERTY AND EQUIPMENT

6 Months Ended

Jun. 30, 2022

PROPERTY AND EQUIPMENT

NOTE 4 - PROPERTY AND EQUIPMENT

NOTE 4 – PROPERTY AND EQUIPMENT

Property and equipment and related accumulated depreciation as of June 30, 2022 and December 31, 2021 are as follows: 

	2022			2021
Property and equipment:
Telecommunications fiber and equipment	$	2,703,202		$	2,686,905
Medical equipment		209,499			209,499
Office furniture and equipment		77,859			77,859
Total property and equipment		2,990,560			2,974,263
Accumulated depreciation		(1,635,502	)		(1,325,241	)
Property and equipment, net	$	1,355,058		$	1,649,022

Depreciation expense was $298,489 and $319,703 for the six months ended June 30, 2022 and 2021, respectively.

Approximately $200,000 of property and equipment, included herein, were financed through a financing lease which has been exchanged with Series E Preferred Stock. See Note 7.