Rental Equipment

9 Months Ended

Sep. 30, 2022

Rental Equipment

Rental Equipment

Note 5 – Rental Equipment

Rental equipment as of September 30, 2022 and December 31, 2021 consisted of the following: 

	September 30, 2022			December 31, 2021
Rental equipment	$	3,865,500		$	4,210,209
Less - Accumulated depreciation		(3,065,239	)		(2,748,493	)
Total, Net	$	800,261		$	1,461,716

Depreciation expense for the three and nine months ended September 30, 2022 and 2021 was $79,186, $316,745 and $144,833, $520,292, respectively.

All the rental equipment is used as collateral for the lines of credit and notes payable (see Notes 6 and 8).