v3.26.3
PROPERTY, PLANT AND EQUIPMENT
12 Months Ended
Dec. 31, 2025
Property, Plant, and Equipment [Abstract]  
PROPERTY, PLANT AND EQUIPMENT

NOTE 6 - PROPERTY, PLANT AND EQUIPMENT

 

The following table summarizes our property, plant and equipment:

 

          
December 31,  2025   2024 
Buildings and improvements   13,402,009    12,800,087 
Machinery, equipment and vehicle fleet   12,715,295    11,993,713 
Construction in progress   48,276    90,809 
Property, plant and equipment - cost   26,165,580    24,884,609 
Less: Accumulated depreciation   

(9,852,169

)   (7,700,417)
Property, plant and equipment - net  $16,313,411   $17,184,192 

 

Construction in progress was $48,276 as of December 31, 2025, and $90,809 as of December 31, 2024. Depreciation expense was $1,814,435 and $1,698,033 for the year ended December 31, 2025 and 2024, respectively. As of December 31, 2025, buildings and improvements were pledged as collateral for loans.