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Property, Equipment, and Other Fixed Assets
9 Months Ended
Sep. 30, 2024
Property, Equipment, and Other Fixed Assets [Abstract]  
PROPERTY, EQUIPMENT, AND OTHER FIXED ASSETS

NOTE 5 — PROPERTY, EQUIPMENT, AND OTHER FIXED ASSETS

Property, equipment and other fixed assets, net consisted of the following:

 

As of
September 30,
2024

 

As of
December 31,
2023

   

Internally-developed software

 

$

904,155

 

 

$

691,745

 

Furniture

 

 

138,197

 

 

 

126,007

 

Equipment and vehicles

 

 

2,306,413

 

 

 

2,220,168

 

Leasehold improvements

 

 

10,000

 

 

 

 

Property and equipment

 

 

3,358,765

 

 

 

3,037,920

 

Accumulated depreciation

 

 

(1,231,983

)

 

 

(748,197

)

   

$

2,126,782

 

 

$

2,289,723

 

Depreciation expense related to the Company’s property and equipment was $208,747 and $52,397 for the three months ended September 30, 2024, and 2023, respectively, and $539,692 and $325,395 for the nine months ended September 30, 2024, and 2023, respectively, which are included in depreciation and amortization expense on the accompanying condensed consolidated statements of operations.