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Property and Equipment
3 Months Ended
Mar. 31, 2022
Property, Plant and Equipment [Abstract]  
PROPERTY AND EQUIPMENT

NOTE 4 – PROPERTY AND EQUIPMENT

 

At March 31, 2022 and December 31, 2021, property and equipment consisted of the following:

 

   Useful life  March 31,
2022
   December 31,
2021
 
            
Office equipment  5 years   25,608    25,717 
Motor vehicle  5 years   47,494    120,049 
Yacht  5 years   585,352    587,845 
       658,454    733,611 
Less: accumulated depreciation      (303,130)   (337,786)
              
      $355,324   $395,825 

 

Depreciation expense for the three months ended March 31, 2022 and 2021 amounted to $31,764 and $33,769.