v3.26.1
Property, Plant and Equipment, Net
 6 Months Ended
Jun. 30, 2026
Property, Plant and Equipment, Net [Abstract]  
PROPERTY, PLANT AND EQUIPMENT, NET

NOTE 4 – PROPERTY, PLANT AND EQUIPMENT, NET

 

The Company’s property, plant and equipment consisted of the following as of:

 

    June 30,
2026		     December 31,
2025		  
Gross Amount            
Computer & peripheral   $ 499,786     $ 485,125  
Furniture     320,474       335,664  
Leasehold improvement     702,315       738,955  
Office equipment     402,474       405,993  
Pay Per Use Systems     5,294,927       5,368,388  
Plant and machinery     847,848       592,426  
Server & networking     38,754       40,380  
Vehicles     753,520       680,211  
Demo system     1,900,193       1,999,327  
Accumulated depreciation     (2,123,146 )     (1,545,923 )
Total   $ 8,637,145     $ 9,100,546  

 

Depreciation expense for the three months ended June 30, 2026, and 2025 amounted to $346,364 and $260,361, respectively.

 

Depreciation expense for the six months ended June 30, 2026, and 2025 amounted to $670,111 and $469,243, respectively.

 

The Company deployed eight systems for demonstration purposes. As of June 30, 2026, four systems were located at the Company’s premises, and four systems were installed at a partner’s facility. These systems remain under the Company’s ownership and control and are therefore capitalized as property, plant, and equipment in accordance with ASC 360.