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Property and Equipment, Net | 12 Months Ended
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Dec. 31, 2025
Property and Equipment, Net [Abstract] |
PROPERTY AND EQUIPMENT, NET | NOTE 10 — PROPERTY AND EQUIPMENT, NET Our property and equipment consisted of the following as of December 31, 2025 and 2024:
|  | 2025 |  |  | 2024 |
Property and equipment: |  |  |  |  |  |
Office buildings |  | $ | 22,082,349 |  |  | $ | 22,082,349 |
Land |  |  | 5,000,000 |  |  |  | 5,000,000 |
Building improvements |  |  | 2,202,370 |  |  |  | 2,186,959 |
Leasehold improvements |  |  | 3,223,028 |  |  |  | 3,077,471 |
Office equipment |  |  | 2,467,229 |  |  |  | 2,287,029 |
Electronic equipment |  |  | 4,282,327 |  |  |  | 3,522,767 |
Site improvements |  |  | 1,286,355 |  |  |  | 1,265,886 |
Construction in process |  |  | 4,856,429 |  |  |  | 1,114,097 |
Less: accumulated depreciation |  |  | (9,505,232 | ) |  |  | (6,906,788 | )
Property and equipment, net |  | $ | 35,894,855 |  |  | $ | 33,629,770 |
In November 2022, we acquired a 5-story office building located in St. Petersburg, Florida to function as our corporate headquarters. The total cost of the office building was $29,502,000, including land, building improvements, and site improvements and was paid in cash. We lease a floor of the office building to a corporate tenant. See Note 14 — Leases for details of the lease agreement. Depreciation expense was $2,572,449, $3,010,300 and $2,675,628 for the years ended December 31, 2025, 2024 and 2023 and is recorded in general and administrative expenses in our consolidated statements of operations and other comprehensive (loss) income.

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