v3.26.1
Property and Equipment, net
 3 Months Ended
Mar. 31, 2026
Property, Plant, and Equipment [Abstract]  
Property and Equipment, net

Note 5 – Property and Equipment, net

 

As of March 31, 2026 and December 31, 2025, the property and equipment consisted of the following:

 

 

   March 31,   December 31, 
   2026
(unaudited)		   2025
(audited)		 
Land  $444,906   $444,906 
Buildings and recreational facilities   2,843,757    2,817,892 
Properties improvements   2,431,414    2,430,265 
Furniture and equipment   217,971    217,971 
Property and equipment, gross   5,938,048    5,911,034 
Less - accumulated depreciation   (2,037,353)   (1,973,603)
Property and equipment, net  $3,900,695   $3,937,431 

 

Depreciation expenses for the three months ended March 31, 2026 and 2025, were $63,750 and $50,784, respectively.