PROPERTY, PLANT AND EQUIPMENT, NET |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2022 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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PROPERTY, PLANT AND EQUIPMENT, NET | NOTE 10 – PROPERTY, PLANT AND EQUIPMENT, NET Property, plant and equipment, net consisted of the following as of December 31, 2022 and 2021:
Depreciation and amortization expense was $565,906 and $798,813 for the years ended December 31, 2022 and 2021, respectively. The Company’s subsidiary, Donkey Crew, LLC, held net property, plant and equipment outside of the United States in the amount of $13,569 and $31,016, as of December 31, 2022 and 2021, respectively. During the years ended December 31, 2022 and 2021, the Company disposed of $99,811 and $449,970 in assets with accumulated depreciation of $97,421, and $332,654, respectively, as of the disposal date. The total gain resulting from the disposal of assets amounted to $17,067 for the year ended December 31, 2022 and the total loss was $117,316 for the year ended 2021, respectively. |