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Fixed Assets

9 Months Ended

Sep. 30, 2025

Fixed Assets

Fixed Assets

Note 5 – Fixed Assets

Fixed Assets consisted of the following:

​

​	​	​	​	​	​	​
​	​	September 30,		​	December 31,
​		2025			2024
Tooling and Manufacturing Equipment	​	$	11,214,453	​	$	8,313,749
Leasehold Improvements	​		2,694,715	​		2,840,176
Computers and Purchased Software	​		731,702	​		679,139
Furniture and Equipment	​		2,478,888	​		2,478,888
​	​		17,119,758	​		14,311,952
Less: Accumulated Depreciation	​		(8,623,952)	​		(6,727,668)
Fixed Assets, Net	​	$	8,495,806	​	$	7,584,284

​

As of September 30, 2025 and December 31, 2024, there were $2,381,810 and $4,913,005, respectively, of manufacturing fixed assets that are not yet placed into service and, therefore, are not currently being depreciated.

Total depreciation expense for fixed assets for the three months ended September 30, 2025 and 2024 was $372,241 and $364,771, respectively. Total depreciation expense for fixed assets for the nine months ended September 30, 2025 and 2024 was $1,096,081 and $886,813, respectively.

X

- Definition

The entire disclosure for long-lived, physical asset used in normal conduct of business and not intended for resale. Includes, but is not limited to, work of art, historical treasure, and similar asset classified as collections.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 360
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/360/tableOfContent

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-SubTopic 360
-Topic 958
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477798/958-360-50-6

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-Name Accounting Standards Codification
-Section 50
-Paragraph 1
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-SubTopic 360
-Topic 958
-Publisher FASB
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Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 7
-SubTopic 360
-Topic 958
-Publisher FASB
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X

- References

No definition available.

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