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

NOTE 8 – PROPERTY AND EQUIPMENT, NET

 

Property and equipment, net consisted of the following:

 

    June 30,
2026		     December 31,
2025		  
Computer, equipment and vehicles (5 year useful life)   $ 516,562     $ 433,676  
Leasehold improvements (2 year useful life)     1,328,333       1,052,327  
Less: accumulated depreciation     (754,978 )     (615,244 )
Total property and equipment, net   $ 1,089,917     $ 870,759  

 

Depreciation expense for the six months ended June 30, 2026, and June 30, 2025, were $139,734 and $57,876, respectively.

 

We evaluate the carrying value of long-lived assets for impairment on an annual basis or whenever events or changes in circumstances indicate that the carrying amounts may not be recoverable. Further testing of specific assets or grouping of assets is required when undiscounted future cash flows associated with the assets are less than their carrying amounts. An asset is considered to be impaired when the anticipated undiscounted future cash flows of an asset group are estimated to be less than its carrying value. The amount of impairment recognized is the difference between the carrying value of the asset group and its fair value. Fair value estimates are based on assumptions concerning the amount and timing of estimated future cash flows. We recorded no impairment of long-lived assets for the six months ended June 30, 2026, and June 30, 2025.