v3.26.1
PROPERTY AND EQUIPMENT NET (Tables)
6 Months Ended
Jun. 30, 2026
PROPERTY AND EQUIPMENT NET  
Schedule of property and equipment
Asset Class

 

June 30, 2026

 

 

December 31, 2025

 

Building

 

$-

 

 

$805,545

 

Land

 

 

-

 

 

 

430,754

 

Machinery & Equipment, net of accumulated impairment on hemp-specific fixed assets of $99,948 in 2026 and $0 in 2025

 

 

1,459,626

 

 

 

1,566,661

 

Furniture & Fixtures

 

 

138,184

 

 

 

138,184

 

Computer Equipment

 

 

21,510

 

 

 

21,510

 

Building & Leasehold Improvements

 

 

184,704

 

 

 

640,499

 

Vehicles

 

 

95,401

 

 

 

64,309

 

Trade Show Booths, net of accumulated impairment on hemp-specific fixed assets of $108,101 in 2026 and $0 in 2025

 

 

48,481

 

 

 

214,457

 

Sub-total:

 

$1,947,906

 

 

$3,881,920

 

 

 

 

 

 

 

 

 

 

Less: Accumulated Depreciation

 

 

(1,304,885)

 

 

(1,608,543)

 

 

$643,021

 

 

$2,273,377

 

Schedule of estimated useful lives

Asset Class

Estimated Useful Life

Building

39 years

Land

Indefinite

Machinery & Equipment

60 months

Building Improvements

60 months

Leasehold Improvements

The shorter of the length of the lease or 60 months

Trade Show Booths

36 months

Vehicles

60 months

Computer Equipment

60 months

Furniture & Fixtures

60 months