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

Note 6 — Property and equipment

 

Property and equipment, at cost, consist of the following as of:

 

    June 30,
2026		     December 31,
2025		  
Land   $ 2,220,000     $ 2,220,000  
Buildings and improvements     1,599,691       1,715,459  
Furniture and equipment     304,535       306,705  
Machinery and equipment     1,201,048       1,176,430  
Software and computer equipment     1,215,332       1,156,458  
Transportation equipment     152,144,327       152,775,053  
      158,684,933       159,350,105  
Less accumulated amortization and depreciation     (55,772,844 )     (43,500,044 )
Property and equipment, net   $ 102,912,089     $ 115,850,061  

 

The Company recorded depreciation expense of $14,778,246, $7,171,240, $14,135,559, and $7,646,980 in the condensed consolidated statements of operations for the six and three months ended June 30, 2026 and 2025, respectively.

 

The Company recorded gain (loss) on the disposal of equipment of ($41,047), ($51,310), $226,314, and $235,095 in the condensed consolidated statements of operations for the six and three months ended June 30, 2026 and 2025, respectively.