PROPERTY & EQUIPMENT

9 Months Ended

Sep. 30, 2022

Note 8. PROPERTY & EQUIPMENT

Property and equipment consist of the following:

	September 30, 2022			December 31, 2021
Displays	$	305,558		$	305,558
Building		575,000			-
Furniture and fixtures		311,521			246,496
Leasehold improvements		727,469			136,504
Computer hardware & equipment		133,654			151,924
Other		345,708			315,788
		2,398,910			1,156,270
Less: accumulated depreciation and amortization		(870,610	)		(979,282	)
Total property and equipment	$	1,528,300		$	176,988

The Company incurred approximately $64,986 and $22,630 of depreciation expense for the three months ended September 30, 2022 and 2021, and $178,575 and $89,155 of depreciation expense for the nine months ended September 30, 2022 and 2021, respectively.

The Company closed all vape stores in Q2 2022, and disposed all vape stores' furniture and fixtures, computer and equipment, and leasehold improvements. Total gross carrying amount of $287,431 and total accumulated depreciation of $287,247 were reduced from the consolidated balance sheets.