v3.25.2
Property and Equipment, net
 3 Months Ended 12 Months Ended
Mar. 31, 2025
Dec. 31, 2024
Property, Plant and Equipment [Abstract]    
Property and Equipment, net

Note 4 – Property and Equipment, net

 

As of March 31, 2025 and December 31, 2024, the property and equipment consisted of the following:

 

   March 31,   December 31, 
   2025   2024 
Land  $444,906   $444,906 
Buildings and recreational facilities   2,277,738    2,262,814 
Properties improvements   1,939,018    1,939,018 
Furniture and equipment   190,288    190,288 
Property and equipment, gross   4,851,950    4,837,026 
Less - accumulated depreciation   (1,803,887)   (1,753,103)
Property and equipment, net  $3,048,063   $3,083,923 

 

Depreciation expenses for the three months ended March 31, 2025 and 2024, were $50,784 and $50,007, respectively.

 

Note 4 – Property and Equipment, net

 

As of December 31, 2024 and 2023, the property and equipment consisted of the following:

 

   2024   2023 
   As of December 31, 
   2024   2023 
Land  $444,906   $444,906 
Buildings and recreational facilities   2,262,814    2,242,904 
Properties improvements   1,939,018    1,790,213 
Furniture and equipment   190,288    128,888 
Property plant and equipment, gross   4,837,026    4,606,911 
Less - accumulated depreciation   (1,753,103)   (1,551,990)
Total property plant and equipment - net  $3,083,923   $3,054,921 

 

Depreciation expenses for the years ended December 31, 2024, 2023 and 2022, were $201,113, $174,207 and $163,371, respectively.