(8) Long-Term Deposits

Long-term deposits represent advance payments made by the Company in connection with the establishment of dedicated production capacity, the development of the Company’s 5G technology campus, the development of the Company’s first consumer product (an Internet of Things (“IoT”) sprayer that uses sensors, software, and internet connectivity to automate spraying for disinfecting and deodorizing applications), and security deposits associated with the Company’s facility leases. None of the production line, 5G campus, or IoT sprayer development assets are operational as of June 30, 2026. The deposits will be reclassified to property and equipment, intangible assets, or other appropriate asset categories upon completion and acceptance of the underlying assets and commencement of operations.

Long-term deposits as of June 30, 2026 and December 31, 2025 consisted of the following:

 Schedule of Long Term Deposits

During the six months ended June 30, 2026, the Company made additional advance payments totaling $1,611,432, consisting of $1,300,000 toward the dedicated production line, $106,412 toward the 5G technology campus, and $205,020 toward the development of the IoT sprayer. Security deposits were unchanged during the period.

AmpliTech Group, Inc.

Notes To Condensed Consolidated Financial Statements

For the Six Months Ended June 30, 2026 and 2025

(Unaudited)