| Schedule of Property and Equipment |
Property and equipment consisted of the following:
Schedule of Property and Equipment
| | |
December 31, 2025 | | |
December 31, 2024 | | |
Estimated Useful Lives (Years) |
| | |
| | |
| | |
|
| Vehicles | |
$ | 11,812,831 | | |
$ | 10,427,658 | * | |
5 |
| Equipment | |
| 304,191 | | |
| 304,191 | | |
5 |
| Office furniture | |
| 129,475 | | |
| 129,475 | | |
5 |
| Leasehold improvements | |
| - | | |
| - | | |
5 |
| Office equipment | |
| 15,934 | | |
| 14,179 | | |
5 |
| Property and equipment,
gross | |
| 12,262,431 | | |
| 10,875,503 | | |
|
| Accumulated depreciation | |
| (5,428,513 | ) | |
| (3,335,996 | ) | |
|
| Total property and equipment - net | |
$ | 6,833,918 | | |
$ | 7,539,507 | | |
|
Asset
Purchase – Vehicles - Shell
| * | | In
2024, the Company executed an asset purchase agreement with Shell Retail and Convenience Operations, d/b/a Shell TapUp and d/b/a Instafuel
(“Shell”) to purchase 73 vehicles ($5,139,877)
and above ground storage tanks ($80,000)
as part of a growth and expansion plan for a total purchase price of $5,219,877.
The Company began its Shell related operations in January 2025, and at that time placed these assets into service. These vehicles have
a useful life of five years. |
|