Annual report pursuant to Section 13 and 15(d)

Property and Equipment

v3.20.1
Property and Equipment
 12 Months Ended
Dec. 31, 2019
Property, Plant and Equipment [Abstract]  
Property and Equipment

5. PROPERTY AND EQUIPMENT

 

Property and equipment consist of the following:

 

    December 31,  
    2019     2018  
EV charging stations   $ 3,094,537     $ 3,972,354  
Software     464,997       464,997  
Automobiles     13,950       132,751  
Office and computer equipment     241,803       199,817  
Leasehold improvements     44,893       35,046  
Machinery and equipment     177,484       176,884  
      4,037,664       4,981,849  
Less: accumulated depreciation     (2,690,355 )     (4,598,282 )
Property and equipment, net   $ 1,347,309     $ 383,567  

 

Depreciation and amortization expense related to property and equipment was $187,214 and $280,547 for the years ended December 31, 2019 and 2018, respectively, of which, $127,929 and $259,581, respectively, was recorded within cost of sales in the accompanying consolidated statements of operations.

 

During the years ended December 31, 2019 and 2018, the Company disposed of property and equipment with a net book value of $65,488 and $66,746 which resulted in a loss on disposal of $65,488 and $66,746, respectively, which was included within general and administrative expenses in the consolidated statements of operations.