v3.25.2
PROPERTY, PLANT, AND EQUIPMENT
3 Months Ended 12 Months Ended
Mar. 31, 2025
Dec. 31, 2024
Property, Plant and Equipment [Abstract]    
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:

 

         
   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.