Quarterly report pursuant to Section 13 or 15(d)

PROPERTY AND EQUIPMENT

v3.20.2
PROPERTY AND EQUIPMENT
3 Months Ended
Mar. 31, 2020
Property, Plant and Equipment [Abstract]  
PROPERTY AND EQUIPMENT

Property and equipment consisted of the following:

  

 

Estimated life

  As of March 31, 2020     As of December 31,2019  
      (Unaudited)        
Greenhouse 10 years   $ 34,465     $ 34,465  
Fencing and storage 5 years     44,543       44,543  
Irrigation 5 years     387,975       387,975  
Office and computer equipment 3 years     40,834       40,834  
Farming Equipment 5 years     11,500       11,500  
Leasehold improvement 5 years     21,886       21,886  
Less: Accumulated depreciation       (90,497 )     (63,770 )
    $ 450,706     $ 477,433  

 

Depreciation expense amounted to $26,727 and $0 for the three months ended March 31, 2020 and 2019, respectively.