v3.25.3
PROPERTY AND EQUIPMENT, NET
6 Months Ended
Jun. 30, 2025
Property, Plant and Equipment [Abstract]  
PROPERTY AND EQUIPMENT, NET

NOTE E — PROPERTY AND EQUIPMENT, NET

 

Property and equipment include equipment, furniture, and capitalized software. Furniture and equipment are depreciated using the straight-line method over estimated useful lives of three years. Capitalized software costs are amortized straight-line over an estimated useful life ranging from 5 to 10 years.

Property and equipment consists of the following:

 

   June 30,
2025
   December 31,
2024
 
Equipment  $339,090   $337,856 
Furniture   351,286    348,754 
Capitalized software   217,003    216,751 
Total   907,379    903,361 
Accumulated depreciation and amortization   (627,227)   (610,604)
Property and equipment, net of accumulated depreciation and amortization  $280,152   $292,757 

 

For the three months ended June 30, 2025 and 2024 depreciation and amortization of property and equipment totaled $8,328 and $55,792, respectively. For the six months ended June 30, 2025 and 2024 depreciation and amortization of property and equipment totaled $16,623 and $138,078, respectively.