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

Property and equipment consisted of the following:

 

 

Estimated life

 

As of

December 31,2019

    As of December 31,2018  
               
Greenhouse 10 years   $ 34,465     $ -  
Fencing and storage 5 years     44,543       -  
Irrigation 5 years     387,975       -  
Office and computer equipment 3 years     40,834       -  
Farming Equipment 5 years     11,500       -  
Leasehold improvement 5 years     21,886       -  
Less: Accumulated depreciation       (63,770 )     -  
    $ 477,433     $ -  

 

Depreciation expense amounted to $63,770 and $0 for the year ended December 31, 2019 and 2018, respectively. During the year ended December 31, 2019, depreciation expense of $26,069 was included in cost of sale and $37,701 was included in general and administrative expenses as reflected in the accompanying consolidated statements of operations.