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

Note 7 - Property and Equipment, net

The following table presents property and equipment as of June 30, 2026 and December 31, 2025:

 

 

 

June 30,
2026

 

 

December 31,
2025

 

Building

 

$

433,448

 

 

$

433,448

 

Building improvements

 

 

1,341,493

 

 

 

827,843

 

Land

 

 

2,367,443

 

 

 

2,367,443

 

Machinery and equipment

 

 

1,361,960

 

 

 

1,361,960

 

Computer and office equipment

 

 

64,702

 

 

 

64,702

 

Furniture and fixtures

 

 

226,802

 

 

 

226,802

 

Total property and equipment

 

 

5,795,848

 

 

 

5,282,198

 

Less: Accumulated depreciation

 

 

(1,376,285

)

 

 

(1,311,685

)

Total property and equipment, net

 

$

4,419,563

 

 

$

3,970,513

 

 

 

 

 

 

 

Construction-in-process

 

$

505,307

 

 

$

961,032

 

 

During the three months ended June 30, 2026 and 2025, depreciation expense related to property and equipment, net was $35,986 and $29,872, respectively. During the six months ended June 30, 2026 and 2025, depreciation expense was $64,600 and $52,967, respectively.