v3.26.1
Note 7 - Property and equipment, net
12 Months Ended
Dec. 31, 2025
Notes  
Note 7 - Property and equipment, net

Note 7 – Property and equipment, net

 

Property and equipment, net consist of the following:

 

 

 

As of

December 31,

2025

 

 

As of

December 31,

2024

 

 

 

Buildings

 

$

7,098,025

 

 

$

6,328,381

Office equipment

 

 

878,795

 

 

 

847,955

Operation equipment

 

 

2,142,738

 

 

 

1,605,896

Subtotal

 

 

10,119,558

 

 

 

8,782,232

Less: accumulated depreciation

 

 

(2,985,971)

 

 

 

(2,609,056)

Total

 

$

7,133,587

 

 

$

6,173,176

 

Depreciation expense for the years ended December 31, 2025, 2024 and 2023 amounted to $387,066, $365,366 and $248,146, respectively.

 

As of December 31, 2025 and 2024, the Company’s land information which were pledged as collateral under a maximum mortgage agreement as below:

 

 

Asset Category

Gross Amount

Accumulated Depreciation

Net Book Value

Useful Life

2025/12/31

Buildings

72,386

-30,012

42,374

20 years

2024/12/31

Buildings

69,349

-25,632

43,717

20 years