| PROPERTY AND EQUIPMENT |
| |
6. |
PROPERTY AND EQUIPMENT |
The
components of property and equipment consist of the following:
| | |
December 31, | | |
Estimated | |
| | |
2025 | | |
2024 | | |
Useful Life (years) | |
| Machinery and equipment | |
$ | 4,275,455 | | |
$ | 4,247,671 | | |
5 to 7 | |
| Computer equipment | |
| 4,430,313 | | |
| 4,393,060 | | |
5 to 10 | |
| Furniture and fixtures | |
| 709,350 | | |
| 709,350 | | |
7 | |
| Automobiles and trucks | |
| 13,162 | | |
| 13,162 | | |
5 | |
| Leasehold improvements | |
| 2,702,891 | | |
| 2,702,891 | | |
Lesser of lease term or 10 years | |
| Total gross property and equipment | |
| 12,131,171 | | |
| 12,066,134 | | |
| |
| Less accumulated depreciation and amortization | |
| (11,718,618 | ) | |
| (11,298,230 | ) | |
| |
| Total property and equipment, net | |
$ | 412,553 | | |
$ | 767,904 | | |
| |
Depreciation
expense for the years ended December 31, 2025 and 2024 was $420,387 and $430,006, respectively.
|