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Property and Equipment
 3 Months Ended
Mar. 31, 2024
Property and Equipment  
Property and Equipment 9. Property and Equipment

 

Components of property and equipment, net are as follows:

 

 

 

 March 31, 2024

 

 

 December 31, 2023

 

 

 

(Unaudited)

 

 

 

 

Automobiles

 

$858,285

 

 

$971,384

 

Furniture and equipment

 

 

1,394,025

 

 

 

1,396,936

 

Solar systems leased to customers

 

 

1,663,468

 

 

 

1,663,468

 

Leasehold improvements

 

 

2,339,221

 

 

 

2,343,815

 

Total property and equipment, gross

 

 

6,254,999

 

 

 

6,375,603

 

Less: accumulated depreciation and amortization

 

 

(5,987,558 )

 

 

(6,084,187 )

Total property and equipment, net

 

$267,441

 

 

$291,416

 

 

For the three months ended March 31, 2024 and 2023, depreciation expenses were approximately $24,000 and $51,000, respectively.