v3.26.1
Property, Buildings and Equipment
12 Months Ended
Dec. 31, 2025
Property, Plant and Equipment [Abstract]  
Property, Buildings and Equipment

3. Property, Buildings and Equipment

Property, buildings, and equipment consist of the following as of December 31, 2025 and 2024:

 

 

2025

 

 

2024

 

Land and land improvements

 

$

21,349,458

 

 

$

21,130,863

 

Buildings

 

 

31,522,042

 

 

 

30,677,541

 

Furniture, fixtures and equipment

 

 

14,789,337

 

 

 

14,464,010

 

Construction in progress

 

 

299,784

 

 

 

332,131

 

 

 

67,960,621

 

 

 

66,604,545

 

Less accumulated depreciation and amortization

 

 

(34,147,246

)

 

 

(32,085,794

)

 

$

33,813,375

 

 

$

34,518,751

 

 

Depreciation and amortization expense (exclusive of amortization arising from assets held under finance leases -- see Note 4) was $1,972,697 and $1,791,032 for the years ended December 31, 2025 and 2024, respectively. Amortization expense for assets held under finance leases was $96,331 and $86,802, respectively, as of and for the years ended December 31, 2025 and 2024,. Finance lease amortization expense is included in Depreciation and amortization expense.