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

 

  7. Property and equipment

 

Acquisition of Boca Cove Detox

 

On May 1, 2024 the Company, through its subsidiary Evernia Health Center LLC, entered into a Definitive Agreement whereby the Company would assume the lease for suites 100,101, 201, 202 and 203 located at 899 Meadows Road, Boca Raton, Florida (the “Leased Premises”) and the furniture, fixtures and equipment located therein, upon the assignment of the lease from the property owner. The lease was assigned on June 10, 2024 and the Company entered into a Bill of Sale to give effect to the Definitive Agreement. The purchase price of the assets was $240,000.

 

Property and equipment consists of the following:

  

         
      December 31,
2025
  December 31, 2024
 

Useful

lives

  Cost   Accumulated depreciation   Net book value   Net book value
Leasehold improvements Life of lease    $ 609,514     $ (194,116 )   $ 415,398     376,045  
Furniture and fittings 6 years     911,975       (240,489 )     671,486       303,429  
Vehicles 5 years     224,507       (84,532 )     139,975       15,699  
Computer equipment 3 years     13,389       (8,404 )     4,985       4,515  
Capital work in progress       145,514       —         145,514       —    
      $ 1,904,899     $ (527,541 )   $ 1,377,358     $ 699,688  

 

Depreciation expense for the year ended December 31, 2025 and 2024 was $251,823 and $108,971, respectively.