Replies to post #12813 on Kyn Capital Group Inc (KYNC)

[dajen]

From annual report:

NOTE 5 – FIXED ASSETS
The Company had fixed assets of $-0- and $36,127 as of December 31, 2019 and December 31, 2018, respectively, consisting of the following:
December 31, 2019
December 31, 2018 $206,791
- (170,664)
$ 36,127
Furniture and equipment Algae production tanks Accumulated Depreciation Net
$ 45,412 10,368
(55,780) $ -0-
The Company had depreciation expenses of $14,152 and $9,082 for the years ending December 31, 2019, and the year ended December 31, 2018, respectively.