v3.26.1
Property and Equipment
 12 Months Ended
Dec. 31, 2025
Property and Equipment [Abstract]  
Property and Equipment
4.Property and Equipment

 

Property and equipment are stated at cost less accumulated depreciation and amortization and depreciated using the straight-line method over their useful lives. At December 31, 2025 and December 31, 2024 the Company’s property and equipment, net consisted of the following:

 

   2025   2024   Estimated Life
Computer equipment and software  $7,293   $7,293   5 years
Equipment   6,835,836    -   5-10 years
Reserves   3,636,379    -   *
Furniture and fixtures   1,529,412    -   4-7 years
Land improvements   321,922    -   7-20 years
Vehicles and trailer   5,824,464    -   5 years
Less: accumulated depreciation   (6,353,058)   (1,248)   
Property, plant and equipment, net  $11,802,248   $6,045    

 

*Based upon units-of-production

 

Included in property and equipment is $2,110,471 and $0 of finance lease right of use assets as of December 31, 2025 and December 31, 2024, respectively.

 

Depreciation expense for the years ended December 31, 2025 and 2024 amounted to $1,046,836 and $1,012, respectively $135,964 and $0 related to finance leases.