Schedule of property and equipment |
|
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 | |
|
Schedule of estimated future depreciation expense of software |
Schedule of future amortization of intangible assets | | |
| |
Calendar Year | | |
Amount | |
| 2025 | | |
$ | 1,644,362 | |
| 2026 | | |
| 2,192,484 | |
| 2027 | | |
| 2,192,484 | |
| 2028 | | |
| 2,192,484 | |
| 2029 | | |
| 822,182 | |
| Total Intangible Asset Amortization | | |
$ | 9,043,996 | |
|
Schedule of future amortization of intangible assets | | |
| |
Calendar Year | | |
Amount | |
| 2025 | | |
$ | 2,192,484 | |
| 2026 | | |
| 2,192,484 | |
| 2027 | | |
| 2,192,484 | |
| 2028 | | |
| 2,192,484 | |
| 2029 | | |
| 822,182 | |
| Total Intangible Asset Amortization | | |
$ | 9,592,118 | |
|