v3.25.2
PROPERTY AND EQUIPMENT, NET
 6 Months Ended
Jun. 30, 2025
Property, Plant and Equipment [Abstract]  
PROPERTY AND EQUIPMENT, NET

NOTE 6 – PROPERTY AND EQUIPMENT, NET

 

The following summarizes property and equipment:

 

   June 30,   December 31, 
   2025   2024 
Software and computer equipment  $844,185   $795,369 
Furniture and fixtures   228,033    230,883 
Vehicles   59,545    59,545 
Equipment   15,873    15,873 
Property and equipment, gross   1,147,636    1,101,670 
Less accumulated depreciation   (937,173)   (957,818)
Total property and equipment, net  $210,463   $143,852 

 

 

The Company recorded depreciation expense was $12,588 and $20,967 and $27,588 and $35,284 for the three and six months ended June 30, 2025 and 2024, respectively.

 

The following summarizes capitalized software development costs as of June 30, 2025 and December 31, 2024:

 

     
Capitalized software, net - beginning balance, December 31, 2024  $1,540,121 
Capitalized software development costs - 2025   1,568,778 
Less accumulated amortization   (434,054)
Capitalized software development costs, net  $2,674,845 

 

The Company recorded amortization of capitalized software costs of $334,054 and $119,453, and $434,054 and $137,916 for the three and six months ended June 30, 2025 and 2024, respectively.