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 consists of the following at June 30, 2026 and December 31, 2025:

 

   2026   2025 
         
Machinery and Equipment  $35,612,165   $34,541,704 
Building and Leasehold Improvements   5,500,116    5,483,616 
Land   130,000    130,000 
Office Furniture and Equipment   2,295,748    2,295,748 
Tooling   169,307    169,307 
Vehicles   24,059    24,059 
Property and Equipment, Gross   43,731,395    42,644,434 
Less: Accumulated Depreciation   34,543,895    33,471,731 
           
Property and Equipment, Net  $9,187,500   $9,172,703 

 

Depreciation expenses were $532,500 and $676,600 for the three months ended June 30, 2026 and 2025, respectively, and $1,072,164 and $1,387,427 for the six months ended June 30, 2026 and 2025, respectively.

 

 

SYNTEC OPTICS HOLDINGS, INC.

NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS