Property and Equipment

6 Months Ended

Jun. 30, 2021

Property, Plant and Equipment [Abstract]

PROPERTY AND EQUIPMENT

NOTE 2 – PROPERTY AND EQUIPMENT

At June 30, 2021 and December 31, 2020, property and equipment consisted of the following:

	Useful life	June 30, 2021			December 31, 2020
Office equipment	5 years		25,792			25,872
Motor vehicle	5 years		79,433			72,382
Yacht	5 years		589,577			591,404
			694,802			689,658
Less: accumulated depreciation			(268,822	)		(202,322	)
		$	425,980		$	487,336

Depreciation expense for the six months ended June 30, 2021 and 2020 amounted to $66,769 and $67,684.

Depreciation expense for the three months ended June 30, 2021 and 2020 amounted to $33,000 and $33,842.