v3.25.2
Property and Equipment (Tables)
6 Months Ended
Jun. 30, 2025
Property and Equipment  
Schedule of Property and Equipment

Property and equipment as of June 30, 2025 and December 31, 2024 consisted of the following:

 

 

Useful Lives
(Years)

 

June 30,
2025

 

 

December 31,
2024

 

Construction in progress

 

-

 

$

2,166,292

 

 

$

13,969,784

 

Tools, machinery and equipment

 

3 - 10

 

 

6,653,046

 

 

 

5,898,618

 

Plant

 

10

 

 

18,558,462

 

 

 

2,269,204

 

Computer equipment

 

3 - 4

 

 

198,437

 

 

 

145,225

 

Vehicles

 

5

 

 

362,379

 

 

 

292,498

 

Software

 

5

 

 

612,596

 

 

 

1,590

 

Office furniture

 

5 - 10

 

 

179,792

 

 

 

147,079

 

Leasehold improvements

 

5

 

 

107,184

 

 

 

115,890

 

Property and equipment, at cost

 

 

 

 

28,838,188

 

 

 

22,839,888

 

Less accumulated depreciation

 

 

 

 

(1,237,894

)

 

 

(485,511

)

Property and equipment, net

 

 

 

$

27,600,294

 

 

$

22,354,377