v3.26.1
Property And Equipment Net
 6 Months Ended
Jun. 30, 2026
Property And Equipment Net  
Property and Equipment, Net

Note 6 - Property and Equipment, Net

 

Property and equipment at June 30, 2026 and December 31, 2025 are as follows:

 

 

 

June 30,

 

 

December 31,

 

 

 

2026

 

 

2025

 

Equipment & installation

 

$1,096,979

 

 

$1,096,979

 

Leasehold improvements

 

$125,712

 

 

 

117,512

 

Trucking equipment

 

$911,377

 

 

 

911,377

 

Lab equipment

 

$867,359

 

 

 

753,370

 

Office equipment, computer equipment and software

 

$3,427

 

 

 

3,426

 

Total equipment

 

$3,004,854

 

 

 

2,882,664

 

 

 

 

 

 

 

 

 

 

Less: accumulated depreciation

 

 

(2,272,542 )

 

 

(2,185,221 )

Construction in process

 

 

1,495,000

 

 

 

1,495,000

 

Property and equipment, net

 

$2,227,312

 

 

$2,192,443

 

 

The Company uses the straight-line method of depreciation over estimated useful lives of 2 to 5 years. During the three months ended June 30, 2026 and 2025, depreciation expense was $44,802 and $41,164, respectively. During the six months ended June 30, 2026 and 2025 depreciation expense was $87,320 and $51,462, respectively.