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

NOTE 5. PROPERTY AND EQUIPMENT

 

Property and equipment consist of the following at:

 

 

 

June 30,

 

 

December 31,

 

 

 

2026

 

 

2025

 

 

 

(Unaudited)

 

 

 

 

Furniture and fixtures

 

$463,980

 

 

$458,652

 

Equipment

 

 

2,316,200

 

 

 

2,316,200

 

Vehicles

 

 

66,170

 

 

 

66,170

 

Computer and software

 

 

321,499

 

 

 

321,499

 

Leasehold improvements

 

 

393,381

 

 

 

393,381

 

Tenant improvement allowance

 

 

405,000

 

 

 

405,000

 

Total Property and Equipment

 

$3,966,230

 

 

$3,960,902

 

Less: Accumulated Depreciation

 

 

3,453,054

 

 

 

3,346,591

 

Property and equipment, net

 

$513,176

 

 

$614,311

 

 

For the three and six months ended June 30, 2026, depreciation was $42,039 and $86,866, respectively. For the three and six months ended June 30, 2025, depreciation was $62,022 and $123,766, respectively. For the three and six months ended June 30, 2026, and 2025, amortization of tenant improvement allowance was $9,798 and $19,597, respectively in both periods and was recorded as lease expense and included within general and administrative expense on the consolidated statement of operations.