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

Note 4 - Property and Equipment

 

Property and equipment consist of:

 

   March 31,
2026		   December 31,
2025		 
Building  $6,079,410   $6,079,410 
Manufacturing equipment   6,584,246    6,519,571 
Land   2,239,405    2,239,405 
Leasehold improvements   503,972    489,722 
Product molds   524,476    524,476 
Warehouse equipment   527,015    503,297 
Electrical equipment   183,977    183,977 
Automobile   242,642    242,642 
Furniture   149,883    149,883 
Computers   101,058    101,058 
Construction in progress   879,537    - 
Property and equipment, at cost   18,015,621    17,033,441 
Less accumulated depreciation   (4,674,723)   (4,344,953)
Property and equipment, net  $13,340,898   $12,688,488 

 

Construction in progress includes the acquisition and installation of manufacturing equipment to support ongoing production. As of March 31, 2026, the Company had an outstanding contractual obligation of approximately $2.1 million related to the acquisition of manufacturing equipment, representing approximately 70% of the total equipment cost of approximately $3.0 million. Equipment deposits totaling $879,537 are reflected in construction in progress on the condensed consolidated balance sheet. Further, $879,537 of capital expenditures related to the equipment were included in accounts payable as of March 31, 2026. The remaining amounts are expected to become due when the equipment is delivered, and installation milestones are achieved.

 

Depreciation expense for the three months ended March 31, 2026 and 2025 was $329,770 and $348,507, respectively.