| Schedule of Property and Equipment, Net |
Property and equipment, net consisted of the following:
|
|
|
|
|
|
|
|
|
|
|
March 31,
2025 |
|
|
December 31,
2024 |
|
Transportation equipment |
|
$ |
312,583 |
|
|
$ |
329,416 |
|
Office furniture and equipment |
|
|
3,216 |
|
|
|
3,216 |
|
Leasehold improvements |
|
|
2,385 |
|
|
|
2,328 |
|
Construction in progress |
|
|
236 |
|
|
|
236 |
|
Deposits on transportation equipment |
|
|
17,269 |
|
|
|
14,165 |
|
|
|
|
335,689 |
|
|
|
349,361 |
|
Less: Accumulated depreciation |
|
|
(91,723 |
) |
|
|
(89,487 |
) |
Property and equipment, net |
|
$ |
243,966 |
|
|
$ |
259,874 |
|
|
Depreciation and amortization are computed using the straight-line method over the estimated useful lives of the assets as follows:
|
|
|
|
|
|
Estimated Useful Life |
|
Transportation equipment |
|
5-20 years |
|
Office furniture and equipment |
|
3-10 years |
|
Leasehold improvements |
|
Shorter of remaining lease term or useful life |
|
Property and equipment, net consisted of the following:
|
|
|
|
|
|
|
|
|
|
|
|
December 31, 2024 |
|
|
|
December 31, 2023 |
|
Transportation equipment |
|
$ |
329,416 |
|
|
$ |
311,584 |
|
Office furniture and equipment |
|
|
3,216 |
|
|
|
3,131 |
|
Leasehold improvements |
|
|
2,328 |
|
|
|
2,306 |
|
Construction in progress |
|
|
236 |
|
|
|
147 |
|
Deposits on transportation equipment |
|
|
14,165 |
|
|
|
23,923 |
|
|
|
|
349,361 |
|
|
|
341,091 |
|
Less: Accumulated depreciation |
|
|
(89,487 |
) |
|
|
(87,115 |
) |
Property and equipment, net |
|
$ |
259,874 |
|
|
$ |
253,976 |
|
|