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

Note 5. Equipment, Net

 

Equipment, net consisted of the following:

 

   June 30,   December 31, 
   2026   2025 
Computer hardware  $34,368   $11,025 
Fixed assets not in service   28,040    8,094 
Tool and machine   67    - 
Computer equipment   28    28 
Property plant and equipment, gross   62,503    19,147 
Less: accumulated depreciation   (7,567)   (4,281)
Total equipment, net  $54,936   $14,866 

 

All computer hardware shown above is leased to customers under operating lease arrangements.

 

Depreciation expense for equipment was $2,170 and $561 during the three months ended June 30, 2026 and 2025, respectively and was $3,286 and $1,135 during the six months ended June 30, 2026 and 2025, respectively. The net carrying value of disposals of long-lived assets for the six months ended June 30, 2026 and the six months ended June 30, 2025 was $0 and $1,110, respectively.