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LEASING EQUIPMENT, NET
 6 Months Ended
Jun. 30, 2026
Property, Plant, and Equipment [Abstract]  
LEASING EQUIPMENT, NET
3. LEASING EQUIPMENT, NET
Leasing equipment, net is summarized as follows:
June 30, 2026 (unaudited) December 31, 2025
Leasing equipment$1,528,257 $2,057,624 
Less: Accumulated depreciation(381,884)(511,820)
Leasing equipment, net$1,146,373 $1,545,804 
The Company identified certain assets in its leasing equipment portfolio with indicators of impairment. During the three and six months ended June 30, 2026 and 2025, the Company did not record any transactional impairment charges.
Depreciation expense for leasing equipment is summarized as follows (unaudited):
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
Depreciation expense for leasing equipment$41,810 $51,249 $89,120 $107,135