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Property and Equipment, net
 9 Months Ended
Sep. 30, 2026
Property, Plant, and Equipment [Abstract]  
Property and Equipment, net Property and Equipment, net
Property and equipment, net consisted of the following:
September 30, 2026December 31, 2025
Machinery and equipment$20,840,277 $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 equipment461,814 182,556 
Construction-in-progress23,285,724 1,933,087 
Total property and equipment, gross47,517,120 12,901,047 
Accumulated depreciation(718,307)(273,423)
Total property and equipment, net$46,798,813 $12,627,624 
Depreciation expense for the three months ended September 30, 2026 and 2025 was insignificant. Depreciation expense recognized for the nine months ended September 30, 2026 and 2025 was $0.4 million and $0.1 million, respectively. Depreciation expense is included in 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, consisting of land and an existing building, from 100 Heritage Center, LLC, an unaffiliated third party, for a contract purchase price of $5.5 million. The transaction was funded with cash on hand and was not financed with mortgage or other third-party debt. After giving effect to an earnest money deposit previously paid and closing costs of approximately $0.2 million, the Company paid approximately $5.3 million in cash at closing.