v3.26.1
PROPERTY AND EQUIPMENT
 6 Months Ended
Jun. 30, 2026
Property, Plant, and Equipment [Abstract]  
PROPERTY AND EQUIPMENT

NOTE 5 – PROPERTY AND EQUIPMENT

 

Property and equipment include the following:

  

   June 30, 2026   December 31, 2025 
   (Unaudited)   (Audited) 
Property and equipment  $611,954   $611,954 
Building and leasehold improvements   12,458,107    12,458,107 
Land   1,524,800    1,524,800 
Vehicles   439,555    439,555 
Property and equipment gross   15,034,416    15,034,416 
Less: Accumulated depreciation   (912,359)   (688,675)
Net property and equipment  $14,122,057   $14,345,741 

 

For the three months ended June 30, 2026 and 2025, the Company recognized $124,201 and $37,100 in depreciation expense, respectively. For the six months ended June 30, 2026 and 2025, the Company recognized $223,684 and $72,875 in depreciation expense, respectively.