| Schedule of Property and Equipment |
As
of June 30, 2026 and December 31, 2025, property and equipment consisted of the following:
Schedule
of Property and Equipment
| | |
June 30, | | |
December 31, | |
| | |
2026 | | |
2025 | |
| Office equipment | |
$ | 17,061 | | |
$ | 17,061 | |
| Computer equipment | |
| 46,285 | | |
| 46,285 | |
| Vehicle | |
| 67,162 | | |
| 35,424 | |
| Software | |
| 1,131,091 | | |
| 1,131,091 | |
| Machinery | |
| 3,287,608 | | |
| 3,257,764 | |
| Leasehold improvements | |
| 397,536 | | |
| 397,536 | |
| Satellite and related software | |
| 8,048,931 | | |
| 8,041,931 | |
| Construction in progress | |
| 14,500,488 | | |
| 7,234,615 | |
| Property and equipment, gross | |
| 27,496,162 | | |
| 20,161,707 | |
| Accumulated depreciation | |
| (7,196,890 | ) | |
| (5,977,328 | ) |
| Property and equipment, net of accumulated depreciation | |
$ | 20,299,272 | | |
$ | 14,184,379 | |
|
| Schedule of Depreciation Expenses |
Depreciation
expenses of property and equipment for the three and six months ended June 30, 2026 and 2025 are as follows.
Schedule
of Depreciation
Expenses
| | |
2026 | | |
2025 | | |
2026 | | |
2025 | |
| | |
For the three months ended
June 30, | | |
For the six months ended
June 30, | |
| Depreciation expense included as component of | |
2026 | | |
2025 | | |
2026 | | |
2025 | |
| Selling, general and administrative | |
$ | 88,356 | | |
$ | 98,403 | | |
$ | 181,325 | | |
$ | 196,721 | |
| Cost of revenue | |
| 519,600 | | |
| 1,033,893 | | |
| 1,038,237 | | |
| 1,870,248 | |
| Depreciation expense | |
$ | 607,956 | | |
$ | 1,132,296 | | |
$ | 1,219,562 | | |
$ | 2,066,969 | |
|