v3.26.1
PROPERTY AND EQUIPMENT
12 Months Ended
Dec. 31, 2025
PROPERTY AND EQUIPMENT  
PROPERTY AND EQUIPMENT

NOTE 3 - PROPERTY AND EQUIPMENT

 

Property and equipment were comprised of the following:

 

 

 

December 31,

 

 

December 31,

 

 

 

2025

 

 

2024

 

Underground

 

 

615,000

 

 

 

615,000

 

Construction in progress

 

 

129,812

 

 

 

92,516

 

Less accumulated depreciation

 

 

(601,743)

 

 

(478,828)

Property plant and equipment, net

 

$143,069

 

 

$228,688

 

 

Depreciation expense amounted to $122,916 and $123,253 for 2025 and 2024, respectively. The estimated useful life of underground equipment is 5 years.