Property and Equipment

6 Months Ended

Jun. 30, 2022

Property, Plant and Equipment [Abstract]

PROPERTY AND EQUIPMENT

NOTE 4 – PROPERTY AND EQUIPMENT

As of June 30, 2022 and December 31, 2021, property and equipment consisted of the following:

	Useful life	June 30, 2022			December 31, 2021
Office equipment	5 years		25,555			25,717
Motor vehicle	5 years		55,360			120,049
Yacht	5 years		584,150			587,845
			665,065			733,611
Less: accumulated depreciation			(334,088	)		(337,786	)
		$	330,977		$	395,825

Depreciation expense for the three months ended June 30, 2022 and 2021 amounted to $31,764 and $30,000.

Depreciation expense for the six months ended June 30, 2022 and 2021 amounted to $63,528 and $66,769.