v3.26.1
Property and Equipment
 6 Months Ended
Jun. 30, 2026
Property and Equipment [Abstract]  
PROPERTY AND EQUIPMENT

7. PROPERTY AND EQUIPMENT

 

Property and equipment are stated at cost less accumulated depreciation and amortization and are depreciated using the straight-line method over their useful lives. At June 30, 2026 and December 31, 2025, the Company’s property, and equipment consisted of the following:

 

Description   2026     2025  
Furniture and office equipment   $ 165,702     $ 154,496  
Machinery and equipment     1,574,237       1,552,963  
Building and improvements     3,679,757       3,685,505  
Crypto-mining equipment     25,983,795       -  
Gross property, plant and equipment     31,403,491       5,392,964  
Less: accumulated depreciation     (2,083,557 )     (662,459 )
Net property, plant and equipment   $ 29,319,934     $ 4,730,505  

 

Depreciation expense for the six months ended June 30, 2026 and 2025 amounted to $1,557,598 and $191,732, respectively.