XML 18 R8.htm IDEA: XBRL DOCUMENT v3.21.1
Property and Equipment
3 Months Ended
Mar. 31, 2021
Property, Plant and Equipment [Abstract]  
PROPERTY AND EQUIPMENT

NOTE 2 – PROPERTY AND EQUIPMENT


At March 31, 2021 and December 31, 2020, property and equipment consisted of the following:


   Useful life  March 31,
2021
   December 31,
2020
 
              
Office equipment  5 years   25,792    25,872 
Motor vehicle  5 years   72,382    72,382 
Yacht  5 years   589,577    591,404 
       687,751    689,658 
Less: accumulated depreciation      (235,724)   (202,322)
              
      $452,027   $487,336 

Depreciation expense from continuing operations for the periods ended March 31, 2021 and 2020 amounted to $33,769 and $33,842.