v3.26.1
Property, Plant and Equipment
12 Months Ended
Dec. 31, 2025
Property, Plant and Equipment [Abstract]  
PROPERTY, PLANT AND EQUIPMENT
7. PROPERTY, PLANT AND EQUIPMENT

 

Property, plant and equipment are stated at cost less accumulated depreciation and amortization and depreciated using the straight-line method over their useful lives. At December 31, 2025 and 2024, the Company’s property, plant and equipment, net consisted of the following:

 

Asset   2025     2024  
Furniture and office equipment   $ 154,496     $ 116,621  
Machinery and equipment     1,552,963       775,577  
Building and improvements     3,685,505       3,459,754  
Gross property, plant and equipment     5,392,964       4,351,952  
Less: accumulated depreciation     (662,459 )     (386,526 )
Net property, plant and equipment   $ 4,730,505     $ 3,965,426  

 

Depreciation expense for the years ended December 31, 2025 and 2024 amounted to $271,364 and $513,125, respectively.