| PROPERTY AND EQUIPMENT |
NOTE 6 – PROPERTY AND EQUIPMENT
The major classes of property and equipment are as
follows at December 31, 2024 and 2023:
| Schedule of property and equipment | |
| | |
| |
| | |
December 31,
2024 | | |
December 31,
2023 | |
| Furniture and Fixtures | |
$ | 132,018 | | |
$ | 132,018 | |
| Tools and Equipment | |
| 1,569,034 | | |
| 1,291,673 | |
| Leasehold Improvements | |
| 298,004 | | |
| 298,004 | |
| Construction in Progress | |
| 2,099,493 | | |
| | |
| Internal Use Software | |
| 381,441 | | |
| 381,441 | |
| | |
| 4,479,990 | | |
| 2,103,136 | |
| Accumulated Depreciation | |
| (1,708,211 | ) | |
| (1,376,629 | ) |
| Property, Equipment and Software, net | |
$ | 2,771,779 | | |
$ | 726,507 | |
| | |
| | |
| |
| | |
December 31,
2024 | | |
December 31,
2023 | |
| Internal Use Software consisted of the following: | |
| | | |
| | |
| Internal Use Software | |
$ | 381,441 | | |
$ | 381,441 | |
| Accumulated depreciation | |
| (225,429 | ) | |
| (133,149 | ) |
| Internal Use Software, net | |
$ | 156,012 | | |
$ | 248,292 | |
| | |
| | |
| |
| | |
December 31,
2024 | | |
December 31,
2023 | |
| Depreciation Expense: | |
| | | |
| | |
| Property and equipment, excluding internal use software | |
$ | 239,302 | | |
$ | 315,686 | |
| Internal Use Software amortization expense | |
| 92,280 | | |
| 84,328 | |
The following is a schedule of estimated future amortization expense of
internal use software at December 31, 2024:
| Schedule
of estimated future depreciation expense of software | | |
| |
| | 2025 | | |
$ | 97,340 | |
| | 2026 | | |
| 58,672 | |
| | 2027 | | |
| — | |
| | | | |
$ | 156,012 | |
|