| Property and equipment |
| 4. |
Property and equipment |
As of March 31, 2025, and
December 31, 2024, property and equipment, net, consisted of the following:
| | |
March 31, | | |
December 31, | |
| | |
2025 | | |
2024 | |
| Land | |
$ | 1,333,810 | | |
$ | 1,333,810 | |
| Buildings | |
| 3,951,512 | | |
| 3,951,512 | |
| Computers and equipment | |
| 1,408,644 | | |
| 1,403,400 | |
| Furniture and fixtures | |
| 129,204 | | |
| 129,204 | |
| Automobile | |
| 80,219 | | |
| 80,219 | |
| Leasehold improvements | |
| 728,764 | | |
| 713,733 | |
| | |
| 7,632,153 | | |
| 7,611,878 | |
| Less - accumulated depreciation | |
| (1,351,907 | ) | |
| (1,229,090 | ) |
| Property and Equipment, net | |
$ | 6,280,246 | | |
$ | 6,382,788 | |
Depreciation expense for the three months
ended March 31, 2025 and 2024 was $122,817 and $139,368, respectively.
|
| 4. |
Property and equipment |
As of December 31, 2024 and
2023, property and equipment, net, consisted of the following:
| | |
Year Ended December 31, | |
| | |
2024 | | |
2023 | |
| Land | |
$ | 1,333,810 | | |
$ | 1,983,810 | |
| Buildings | |
| 3,951,512 | | |
| 4,607,874 | |
| Computers and equipment | |
| 1,403,400 | | |
| 1,425,774 | |
| Furniture and fixtures | |
| 129,204 | | |
| 143,874 | |
| Automobile | |
| 80,219 | | |
| 101,269 | |
| Leasehold improvements | |
| 713,733 | | |
| 499,310 | |
| | |
| 7,611,878 | | |
| 8,761,911 | |
| Less - accumulated depreciation | |
| (1,229,090 | ) | |
| (812,767 | ) |
| Property and Equipment, net | |
$ | 6,382,788 | | |
$ | 7,949,144 | |
Depreciation expense was $559,380 and
$503,477 for the years ended December 31, 2024 and 2023, respectively.
|