Schedule of Property and Equipment |
Property and equipment as of June 30, 2025 and December 31, 2024 consisted of the following:
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Useful Lives (Years) |
|
June 30, 2025 |
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|
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 |
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|