| PROPERTY, PLANT, AND EQUIPMENT |
NOTE
10. PROPERTY, PLANT, AND EQUIPMENT
Property,
plant, and equipment consist of the following as of March 31, 2025 and December 31, 2024:
SCHEDULE
OF PROPERTY, PLANT AND EQUIPMENT
| | |
March
31, 2025 | | |
December
31, 2024 | |
| Displays | |
$ | 312,146 | | |
$ | 312,146 | |
| Furniture and fixtures | |
| 772,891 | | |
| 720,657 | |
| Leasehold improvements | |
| 2,050,792 | | |
| 1,991,953 | |
| Computer hardware & equipment | |
| 221,175 | | |
| 209,029 | |
| Other | |
| 711,002 | | |
| 710,682 | |
| Property, plant and equipment gross | |
| 4,068,006 | | |
| 3,944,467 | |
| Less: accumulated depreciation
and amortization | |
| (2,099,410 | ) | |
| (1,967,998 | ) |
| Total property, plant,
and equipment | |
$ | 1,968,596 | | |
$ | 1,976,469 | |
The
Company incurred approximately $133,000 of depreciation expense for the three months ended March 31, 2025 and 2024, respectively.
|
NOTE
10. PROPERTY, PLANT, AND EQUIPMENT
Property,
plant, and equipment consist of the following as of December 31, 2024 and 2023:
SCHEDULE
OF PROPERTY, PLANT AND EQUIPMENT
| | |
| | |
| |
| | |
Year Ended December 31, | |
| | |
2024 | | |
2023 | |
| | |
| | |
| |
| Displays | |
$ | 312,146 | | |
$ | 312,146 | |
| Building | |
| - | | |
| 575,000 | |
| Furniture and fixtures | |
| 720,657 | | |
| 505,436 | |
| Leasehold improvements | |
| 1,991,953 | | |
| 1,925,385 | |
| Computer hardware & equipment | |
| 209,029 | | |
| 141,682 | |
| Other | |
| 710,682 | | |
| 680,718 | |
| Property, plant and equipment
gross | |
| 3,944,467 | | |
| 4,140,367 | |
| Less: accumulated depreciation and amortization | |
| (1,967,998 | ) | |
| (1,463,728 | ) |
| Total property, plant, and equipment | |
$ | 1,976,469 | | |
$ | 2,676,639 | |
The
Company incurred approximately $0.5 million of depreciation expense for the years ended December 31, 2024 and 2023, respectively.
|