v3.26.1
Property & Equipment
 3 Months Ended
Mar. 31, 2026
Property & Equipment [Abstract]  
PROPERTY & EQUIPMENT

NOTE 4 – PROPERTY & EQUIPMENT

 

Long lived assets, including property and equipment and certain intangible assets to be held and used by the Company are reviewed for impairment whenever events or changes in circumstances indicate that the carrying value of the assets may not be recoverable. Impairment losses are recognized if expected future cash flows of the related assets are less than their carrying values. Measurement of an impairment loss is based on the fair value of the asset. Long-lived assets and certain identifiable intangibles to be disposed of are reported at the lower of carrying amount or fair value less cost to sell.

 

Property and Equipment and intangible assets are first recorded at cost. Depreciation and/or amortization is computed using the straight-line method over the estimated useful lives of the various classes of assets as follows between three and five years.

 

Maintenance and repair expenses, as incurred, are charged to expense. Betterments and renewals are capitalized in plant and equipment accounts. Cost and accumulated depreciation applicable to items replaced or retired are eliminated from the related accounts with any gain or loss on the disposition included as income.

 

Assets stated at cost, less accumulated depreciation consisted of the following:

 

    March 31,
2026		     December 31,
2025		  
Furniture/fixtures   $ 12,065     $ 12,065  
Office equipment     12,404       12,404  
Automobile     37,410       37,410  
Tooling/Molds     86,205       86,205  
Less: accumulated depreciation     (117,097 )     (109,728 )
Fixed assets, net   $ 30,987     $ 38,356  

 

Depreciation expense

 

Depreciation expense for the three months ended March 31, 2026 and 2025 was $7,369 and $4,836, respectively.