v3.25.2
Note 3 - Property and Equipment, Net
6 Months Ended
Jun. 30, 2025
Notes to Financial Statements  
Property, Plant and Equipment Disclosure [Text Block]

3.

Property and Equipment, Net

 

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

 

  

June 30,

  

December 31,

 
  

2025

  

2024

 

Furniture and fixtures

 $125,620  $90,641 

Leasehold improvements

  380,286   359,529 

Machinery and equipment

  388,466   272,774 

Electric buses

  1,314,970    

Vehicles

  376,748   371,350 

Test/Demo vehicles

  30,685   30,685 

Total property and equipment

  2,616,775   1,124,979 

Less accumulated depreciation

  (647,062)  (532,808)

Net property and equipment

 $1,969,713  $592,171 

 

Depreciation expense was $56,071 and $36,659 for the three months ended June, 2025 and 2024, respectively. Depreciation expense was $114,254 and $75,871 for the six months ended June, 2025 and 2024, respectively.