PROPERTY AND EQUIPMENT |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2025 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Property, Plant and Equipment [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| PROPERTY AND EQUIPMENT | NOTE 4 – PROPERTY AND EQUIPMENT
Property and equipment consisted of the following:
Depreciation expense was $151,952 and $143,691 for the years ended December 31, 2025, and 2024, respectively, and it is recorded under Selling, General and Administrative Expenses.
For the year ended December 31, 2025, the Company recorded a loss on impairment of $542,088 relating to certain property and equipment. The loss was recognized after management identified indicators of impairment and determined that the carrying amount of the assets were not recoverable. The amount is included in Other Expense in the accompanying statements of operations and is non-cash in nature.
CALLAN JMB INC. (Formerly known as Coldchain Technology Services, LLC) NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS December 31, 2025 and 2024
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