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Property and Equipment, net
 6 Months Ended
Jun. 30, 2026
Property, Plant, and Equipment [Abstract]  
Property and Equipment, net Property and Equipment, net
Property and equipment, net consisted of the following:
June 30, 2026December 31, 2025
Machinery and equipment$16,798,233 $8,030,173 
Land1,442,338 1,267,338 
Building and improvements813,967 814,893 
Asset Retirement Obligation Asset673,000 673,000 
IT and office equipment460,819 182,556 
Construction-in-progress12,058,985 1,933,087 
Total property and equipment, gross32,247,342 12,901,047 
Accumulated depreciation(872,304)(273,423)
Total property and equipment, net$31,375,038 $12,627,624 
Depreciation expense recognized for the three months ended June 30, 2026 was $0.4 million and was insignificant for the three months ended June 30, 2025. Depreciation expense recognized for the six months ended June 30, 2026 and 2025 was $0.6 million and $0.1 million, respectively. Depreciation expense is included within cost of revenue in the Consolidated Statements of Operations. Construction-in-progress is primarily comprised of building and building improvement construction not yet placed-in-service.
On July 21, 2026, Standard Property Holdings I, LLC completed the acquisition of real property located at 100 Europia Avenue, Oak Ridge, Tennessee. See Note 14, Subsequent Events.