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

Note 5 – Property and Equipment, net

 

As of June 30, 2026 and December 31, 2025, the property and equipment consisted of the following:

 

   June 30,   December 31, 
   2026   2025 
   (Unaudited)   (Audited) 
Land  $444,906   $444,906 
Buildings and recreational facilities   2,843,758    2,817,892 
Properties improvements   2,437,439    2,430,265 
Furniture and equipment   217,971    217,971 
Property and equipment, gross   5,944,074    5,911,034 
Less - accumulated depreciation   (2,101,189)   (1,973,603)
Property and equipment, net  $3,842,885   $3,937,431 

 

Depreciation expenses for the six months ended June 30, 2026 and 2025, were $127,586 and $102,797, respectively.