v3.26.1
Note 7 - Property and Equipment, Net
 6 Months Ended
Jun. 30, 2026
Notes to Financial Statements  
Property, Plant, and Equipment [Text Block]

NOTE 7 – PROPERTY AND EQUIPMENT, NET

 

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

 

   

As of

June 30,

2026

    

As of

December 31,

2025

  

Computers, software, and office equipment

  

$

 170,350    

$

 170,350  

Construction in progress - Technology equipment

     17,100,106       -  

Leasehold improvements

     166,847       166,847  

Laboratory equipment

     1,713,230       1,692,230  

Total

     19,150,533       2,029,427  

Less: Accumulated depreciation

     (1,858,660 )     (1,806,299 )

Total Property and equipment, net

   $ 17,291,873     $ 223,128  

 

Depreciation expense, recorded within general and administrative expenses of continuing operations, was $25,089 and $31,467 for the three months ended June 30, 2026 and 2025, respectively, and $52,361 and $62,934 for the six months ended June 30, 2026 and 2025, respectively.

 

During the three months ended June 30, 2026, the Company purchased $17.1 million of technology equipment related to the infrastructure solutions model within the compute services business. As of June 30, 2026, the entirety of the technology equipment balance represents construction in progress.

 

No impairment charges related to property and equipment held and used in continuing operations were incurred during the three and six months ended June 30, 2026 and 2025.