v3.26.1
Note 3 - Property and Equipment, Net
6 Months Ended
Jun. 30, 2026
Notes to Financial Statements  
Property, Plant, and Equipment [Text Block]

3.

Property and Equipment, Net

 

Components of property and equipment, net, consist of the following as of  June 30, 2026 and December 31, 2025:

 

  

June 30,

  

December 31,

 
  

2026

  

2025

 

Furniture and fixtures

 $125,620  $125,620 

Leasehold improvements

  810,885   380,286 

Machinery and equipment

  377,521   377,521 

Vehicles

  417,693   387,693 

Construction in progress

  8,465,913    

Test/Demo vehicles

  30,685   30,685 

Total property and equipment

  10,228,317   1,301,805 

Less accumulated depreciation

  (1,002,928)  (825,846)

Property and equipment, net

 $9,225,389  $475,959 

 

Depreciation expense was $113,045 and $177,082 for the three and six months ended June 30, 2026, respectively. Depreciation expense was $56,071 and $114,254 for the three and six months ended June 30, 2025, respectively.