Property and Equipment

9 Months Ended

Sep. 30, 2021

Property, Plant and Equipment [Abstract]

PROPERTY AND EQUIPMENT

NOTE 2 – PROPERTY AND EQUIPMENT

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

	Useful life	September 30, 2021			December 31, 2020
Office equipment	5 years		25,752			25,872
Motor vehicle	5 years		120,104			72,382
Yacht	5 years		588,650			591,404
			734,506			689,658
Less: accumulated depreciation			(302,570	)		(202,322	)
		$	431,936		$	487,336

Depreciation expense for the nine months ended September 30, 2021 and 2020 amounted to $100,031 and $101,526.

Depreciation expense for the three months ended September 30, 2021 and 2020 amounted to $33,262 and $33,842.