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

4. PROPERTY AND EQUIPMENT, NET

 

The gross carrying amount and accumulated depreciation of the Company’s property and equipment as of June 30, 2026 and December 31, 2025, are as follows:

 

   June 30, 2026   December 31, 2025 
Land  $1,228,250   $1,298,250 
Land Improvements   87,055    287,055 
Buildings and Improvements   26,078,787    33,014,691 
Furniture, Fixtures and Equipment   1,184,010    2,321,737 
Property and Equipment, gross   28,578,102    36,921,733 
           
Less: Accumulated Depreciation   (10,468,325)   (13,845,691)
           
Property and Equipment, net  $18,109,777   $23,076,042 

 

As of June 30, 2026 and December 31, 2025, $0 and $4,021,156 of property and equipment, net was classified as assets held for sale on the consolidated Balance Sheets and are attributable to two Georgia facilities sold in January 2026 (see Note 9).

 

   2026   2025 
   For the Three Months Ended June 30, 
   2026   2025 
        
Depreciation Expense  $229,471   $362,742 

 

   2026   2025 
   For the Six Months Ended June 30, 
   2026   2025 
        
Depreciation Expense  $562,682   $725,762