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LEASING EQUIPMENT, NET
9 Months Ended
Sep. 30, 2026
Property, Plant, and Equipment [Abstract]  
LEASING EQUIPMENT, NET
3. LEASING EQUIPMENT, NET
Leasing equipment, net is summarized as follows:
September 30, 2026 (unaudited) December 31, 2025
Leasing equipment$1,389,689 $2,057,624 
Less: Accumulated depreciation(354,650)(511,820)
Leasing equipment, net$1,035,039 $1,545,804 
The Company identified certain assets in its leasing equipment portfolio with indicators of impairment. During the three and nine months ended September 30, 2026 and 2025, these indicators of impairment did not result in the Company recording any transactional impairment charges.
Depreciation expense for leasing equipment is summarized as follows (unaudited):
Three Months Ended September 30,Nine Months Ended September 30,
2026202520262025
Depreciation expense for leasing equipment$38,067 $51,050 $127,187 $158,185