Property and Equipment

9 Months Ended

12 Months Ended

Sep. 30, 2022

Dec. 31, 2021

Property, Plant and Equipment [Abstract]

PROPERTY AND EQUIPMENT

NOTE 4 – PROPERTY AND EQUIPMENT

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

	Useful life	September 30, 2022			December 31, 2021
Office equipment	5 years		25,544			25,717
Motor vehicle	5 years		55,343			120,049
Yacht	5 years		583,909			587,845
			664,796			733,611
Less: accumulated depreciation			(365,516	)		(337,786	)
		$	299,280		$	395,825

Depreciation expense for the three months ended September 30, 2022 and 2021 amounted to $31,764 and $33,262.

Depreciation expense for the nine months ended September 30, 2022 and 2021 amounted to $95,292 and $100,031.

NOTE 4 –  PROPERTY AND EQUIPMENT

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

	Useful life	December 31, 2021			December 31, 2020
Office equipment	5 years	$	25,717		$	25,872
Motor vehicle	5 years		120,049			72,382
Yachts	5 years		587,845			591,404
			733,611			689,658
Less: accumulated depreciation			(337,786	)		(202,322	)
		$	395,825		$	487,336

Depreciation expense for the years ended December 31, 2021 and 2020 amounted to $135,561 and $134,691.