v3.26.1
Property and Equipment
6 Months Ended
Jun. 30, 2026
Property, Plant, and Equipment [Abstract]  
Property and Equipment Property and Equipment
Property and equipment consisted of the following:
Useful
 Life (years)
June 30,
2026
December 31,
2025
Land$444,435 $444,435 
Leasehold improvements51,828,533 1,823,586 
Property & equipment
3-5 years
15,885,075 11,242,513 
Technology hardware equipment
3-5 years
1,973,983 1,973,983 
Total20,132,026 15,484,517 
Less accumulated depreciation(7,353,103)(6,127,543)
Construction in progress7,821,152 12,470,795 
Total property and equipment, net$20,600,075 $21,827,769 
Depreciation expense for the three and six months ended June 30, 2026 and June 30, 2025 was $653,519 and $1,229,410 and $574,563 and $1,054,939, respectively. During the six months ended June 30, 2026, $4,649,643 of construction in progress was reallocated to property and equipment.