v3.26.1
PROPERTY AND EQUIPMENT
 12 Months Ended
Dec. 31, 2025
Property, Plant and Equipment [Abstract]  
PROPERTY AND EQUIPMENT

8. PROPERTY AND EQUIPMENT

 

As of December 31, 2025, and 2024, property and equipment consisted of the following: 

               
    December 31, 2025     December 31, 2024  
Machinery and equipment   $ 648,000     $ 648,000  
Leasehold improvements, furniture and equipment     304,000       221,000  
      952,000       869,000  
Less: accumulated depreciation and amortization     (793,000 )     (715,000 )
Property and equipment, net   $ 159,000     $ 154,000  

 

Depreciation and amortization expense related to property and equipment was $56,000 and $94,000 for the years ended December 31, 2025, and 2024, respectively.

 

Depreciation is calculated using the straight-line method over the estimated useful lives of the assets, at the following rates:

   
    Useful Lives
Asset   (In Years)
Computer software and office and computer equipment   3 – 5
Machinery and equipment, automobiles, furniture, and fixtures   3 – 15
Leasehold improvements   Over the term of the lease or the life of the asset, whichever is shorter