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Fixed assets, net
 6 Months Ended
Jun. 30, 2025
Property, Plant and Equipment [Abstract]  
Fixed assets, net

10. Fixed assets, net

 

Fixed assets consist of the following:

   At June 30,   At December 31, 
   2025   2024 
    (Unaudited)      
Software (ERP Implementation)  €87,800   €87,800 
Equipment   61,069    53,445 
Total fixed assets   148,869    141,245 
Less: accumulated depreciation   (112,263)   (98,323)
Fixed assets, net  €36,606   €42,922 

 

Software included software customization and development costs related to information technology security infrastructure and the Company’s ERP system.

 

Equipment consists of computers, furniture, and fixtures in our office space in Milan, Italy.

 

 

There were no significant purchases, disposals, or impairments during the six months ended June 30, 2025.

 

Depreciation has been calculated by taking into consideration the use, purpose, and financial-technical duration of the assets, based on their estimated economic lives.