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

7. PROPERTY AND EQUIPMENT, NET

 

Property and equipment, net consisted of the following:

 

   2025   2024 
   As of 
   December 31,   December 31, 
   2025   2024 
Production line for e-bicycles  $1,202,605   $829,004 
Furniture, fixtures and office equipment   58,395    46,665 
Vehicles   117,258    - 
Property and equipment, gross   1,378,258    875,669 
Less: accumulated depreciation   (280,847)   (147,231)
Property and equipment, net  $1,097,411   $728,438 

 

For the years ended December 31, 2025, 2024 and 2023, depreciation expense amounted to $123,728, $252,882, and $253,997, respectively.