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PROPERTY AND EQUIPMENT NET | 9 Months Ended
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Sep. 30, 2024
PROPERTY AND EQUIPMENT NET |
PROPERTY AND EQUIPMENT | NOTE 7 — PROPERTY AND EQUIPMENT, NET The following table summarizes the details of the Company’s property and equipment, net: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Adjusted
​ | ​ | September 30, | ​ | December 31, | ​ | ​ | ​ | ​ | December 31,
​ |  | 2024 |  | 2023 |  | Reclassification |  | 2023
Consumer |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |
Land | ​ | $ | 1,824,892 | ​ | $ | 1,824,892 | ​ | $ | — | ​ | $ | 1,824,892
Building and improvements | ​ |  | 5,981,222 | ​ |  | 4,126,507 | ​ |  | (1,443,207) | ​ |  | 2,683,300
Leasehold improvements | ​ |  | 1,514,780 | ​ |  | 1,450,695 | ​ |  | — | ​ |  | 1,450,695
Furniture and fixtures | ​ |  | 935,414 | ​ |  | 802,058 | ​ |  | (101,226) | ​ |  | 700,832
Machinery and equipment | ​ |  | 1,454,304 | ​ |  | 1,224,783 | ​ |  | (3,215) | ​ |  | 1,221,568
Vehicles | ​ |  | 22,859 | ​ |  | 22,859 | ​ |  | — | ​ |  | 22,859
Construction in progress (1) | ​ |  | 500,018 | ​ |  | — | ​ |  | 1,547,648 | ​ |  | 1,547,648
​ | ​ |  | 12,233,489 | ​ |  | 9,451,794 | ​ |  | — | ​ |  | 9,451,794
Less: accumulated depreciation | ​ |  | (3,238,534) | ​ |  | (2,946,727) | ​ |  | — | ​ |  | (2,946,727)
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Sub-total | ​ |  | 8,994,955 | ​ |  | 6,505,067 | ​ |  | — | ​ |  | 6,505,067
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Commercial | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |
Leasehold improvements | ​ |  | 151,647 | ​ |  | 151,647 | ​ |  | — | ​ |  | 151,647
Furniture and fixtures | ​ |  | 145,950 | ​ |  | 145,950 | ​ |  | — | ​ |  | 145,950
Machinery and equipment | ​ |  | 1,179,366 | ​ |  | 1,142,731 | ​ |  | (48,979) | ​ |  | 1,093,752
Vehicles | ​ |  | 222,232 | ​ |  | 222,232 | ​ |  | — | ​ |  | 222,232
Construction in progress (2) | ​ |  | - | ​ |  | — | ​ |  | 48,979 | ​ |  | 48,979
​ | ​ |  | 1,699,195 | ​ |  | 1,662,560 | ​ |  | — | ​ |  | 1,662,560
Less: accumulated depreciation | ​ |  | (968,891) | ​ |  | (819,389) | ​ |  | — | ​ |  | (819,389)
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Sub-total | ​ |  | 730,304 | ​ |  | 843,171 | ​ |  | — | ​ |  | 843,171
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Corporate | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |
Land | ​ |  | 1,106,664 | ​ |  | 1,106,664 | ​ |  | — | ​ |  | 1,106,664
Building and improvements | ​ |  | 2,688,523 | ​ |  | 2,505,716 | ​ |  | (3,500) | ​ |  | 2,502,216
Machinery and equipment | ​ |  | 28,627 | ​ |  | 28,627 | ​ |  | — | ​ |  | 28,627
Enterprise resource planning system (3) | ​ |  | — | ​ |  | 191,075 | ​ |  | (191,075) | ​ |  | —
Construction in progress (4) | ​ |  | — | ​ |  | — | ​ |  | 3,500 | ​ |  | 3,500
​ | ​ |  | 3,823,814 | ​ |  | 3,832,082 | ​ |  | (191,075) | ​ |  | 3,641,007
Less: accumulated depreciation | ​ |  | (282,130) | ​ |  | (225,021) | ​ |  | — | ​ |  | (225,021)
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Sub-total | ​ |  | 3,541,684 | ​ |  | 3,607,061 | ​ |  | (191,075) | ​ |  | 3,415,986
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | $ | 13,266,943 | ​ | $ | 10,955,299 | ​ | $ | (191,075) | ​ | $ | 10,764,224
(1) | The reclassification primarily related to the build-out of our Arizona retail stores, which were placed into service in the second quarter of Fiscal 2024.
(2) | The reclassification related to the build-out of production equipment, which was placed into service in the second quarter of Fiscal 2024.
(3) | Reclassified amount to intangible assets, net. See Note 8 – Intangible Assets, Net for further details.
(4) | The reclassification related to improvements to our corporate headquarters, which were placed into service in the second quarter of Fiscal 2024.

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