v3.25.2
PROPERTY AND EQUIPMENT - NET
6 Months Ended
Jun. 30, 2025
PROPERTY AND EQUIPMENT - NET  
PROPERTY AND EQUIPMENT - NET

4.

PROPERTY AND EQUIPMENT – NET

Property and equipment – net consist of the following as of June 30, 2025 and December 31, 2024:

    

Estimated Useful Life (in years)

    

June 30, 2025

    

December 31, 2024

Land

 

-

$

3,970,950

$

3,881,414

Cell towers

 

20

 

16,395,027

 

14,424,240

Building

 

35-44

 

22,871,656

 

22,871,656

Site Improvements

 

12-14

 

1,615,557

 

1,624,532

Total property and equipment

 

44,853,190

 

42,801,842

Less accumulated depreciation

 

(2,709,087)

 

(2,012,372)

Total property and equipment - net

$

42,144,103

$

40,789,470

Depreciation expense was $354,908 and $315,192 for the three months ended June 30, 2025 and 2024, respectively, and $705,690 and $571,685 for the six months ended June 30, 2025 and 2024, respectively.