| PROPERTY AND EQUIPMENT |
Property plant and equipment, net consisted of the following: | | | June 30,
2026 | | | December 31,
2025 | | | Rental vehicles | | | 27,024,756 | | | | 26,899,522 | | | Furniture and fixtures | | | 1,502,245 | | | | 1,479,966 | | | Leasehold improvements | | | 944,368 | | | | 879,092 | | | Less: Accumulated depreciation | | | (27,960,774 | ) | | | (26,604,770 | ) | | Total property and equipment | | | 1,510,595 | | | | 2,653,810 | | The following table summarizes the depreciation expenses recorded in the unaudited interim condensed consolidated statements of operations and comprehensive loss for the periods ended June 30, 2026 and 2025: | | | Three Months
Ended | | | Three Months
Ended | | | Six Months
Ended | | | Six Months
Ended | | | | | June 30,
2026 | | | June 30,
2025 | | | June 30,
2026 | | | June 30,
2025 | | | Cost of revenues | | | 460,501 | | | | 630,856 | | | | 1,091,734 | | | | 1,446,749 | | | General and administrative expenses | | | 110,720 | | | | 101,089 | | | | 264,270 | | | | 199,074 | | | Total | | | 571,221 | | | | 731,945 | | | | 1,356,004 | | | | 1,645,823 | |
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