| Schedule of Property and Equipment |
Property and equipment consisted of the following:
Schedule
of Property and Equipment
| | |
| | |
| | |
Estimated Useful | |
| | |
June 30, 2026 | | |
December 31, 2025 | | |
Lives (Years) | |
| Vehicles | |
$ | 11,566,840 | * | |
$ | 11,812,831 | | |
| 5 | |
| Equipment | |
| 304,194 | | |
| 304,192 | | |
| 5 | |
| Office furniture | |
| 129,474 | | |
| 129,475 | | |
| 5 | |
| Office equipment | |
| 19,802 | | |
| 15,934 | | |
| 5 | |
| Property and equipment, gross | |
| 12,020,310 | | |
| 12,262,432 | | |
| | |
| Accumulated depreciation | |
| (6,613,454 | ) | |
| (5,428,514 | ) | |
| | |
| Total property and equipment - net | |
$ | 5,406,856 | | |
$ | 6,833,918 | | |
| | |
Asset
Purchase – Vehicles - Shell
| * |
|
In
2024, the Company executed an asset purchase agreement with Shell Retail and Convenience Operations, d/b/a Shell TapUp and d/b/a Instafuel
(“Shell”) to purchase 73 vehicles ($5,139,877) and above ground storage tanks ($80,000) as part of a growth and expansion
plan, for a total purchase price of $5,219,877. The Company began its Shell related operations in January 2025, and at that time placed
these assets into service. These vehicles have a useful life of five years. |
|