v3.26.1
PROPERTY, PLANT, AND EQUIPMENT, NET
6 Months Ended
Jun. 30, 2026
PROPERTY, PLANT, AND EQUIPMENT, NET  
PROPERTY, PLANT, AND EQUIPMENT, NET

NOTE 7 — PROPERTY, PLANT, AND EQUIPMENT, NET

Property, plant, and equipment, net consisted of the following:

Estimated Useful Life

  ​ ​ ​

  ​ ​ ​

in Years

  ​ ​ ​

June 30, 2026

  ​ ​ ​

December 31, 2025

Motor Vehicles

10

$

365,000

$

365,000

Leasehold improvements*

3-6

60,795

Subtotal

  ​

  ​

365,000

425,795

Less accumulated depreciation

 

  ​

 

(55,208)

 

(66,927)

Property, plant, and equipment, net

 

  ​

$

309,792

$

358,868

During the six months ended June 30, 2026 and 2025, the Company recorded deprecation of $16,507 and $19,764, respectively.

There was no impairment loss during the six months ended June 30, 2026 and 2025.

*Leasehold improvements were related to Edward’s full steel manual gates, yard fence, and office roof upgrade.