| Schedule of property, plant and equipment |
The following table summarizes the Company’s property, plant and equipment balance: | | | | | | | | | | | | | | | | | | | | | | Useful Lives | June 30, 2026 | | December 31, 2025 | | | | | | | | | | | | | | | | Computers & Servers | 1 year | to | 3 years | $ | 185,973 | | | $ | 176,702 | | | Vehicles | 5 years | to | 7 years | 62,746 | | | 64,297 | | | | | | | | | | Office furniture and equipment | 3 years | to | 5 years | 424,366 | | | 445,323 | | | Capitalized charger (1) | 5 years | to | 7 years | 237,000 | | | — | | | Test units and warranty/loaned chargers (2) | 5 years | to | 7 years | 972,322 | | | 743,817 | | | Total | | | | 1,882,407 | | | 1,430,140 | | | Less: Accumulated Depreciation | | | | $ | (997,058) | | | $ | (811,696) | | | Property, plant and equipment, net | | | | $ | 885,348 | | | $ | 618,444 | |
| | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, | | Six Months Ended June 30, | | 2026 | | 2025 | | 2026 | | 2025 | | Depreciation expense | $ | 116,179 | | | $ | 46,737 | | | $ | 191,516 | | | $ | 90,705 | | | | | | | | | |
__________________(1) Represents DC Chargers bought by Nuvve Taiwan as the Company's owned and operated charging stations in Taiwan. (2) Represents DC Chargers temporarily warranty/loaned out to customers while their DC Chargers are being repaired.
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