SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES & USE OF ESTIMATES. (Tables)
|
9 Months Ended |
12 Months Ended |
Sep. 30, 2025 |
Dec. 31, 2024 |
| Accounting Policies [Abstract] |
|
|
| SCHEDULE OF INVENTORY |
On
September 30, 2025, and December 31, 2024, respectively, our inventory consisted of the following:
SCHEDULE OF INVENTORY
| | |
As of
September 30, | | |
As of
December 31, | |
| Inventory | |
2025 | | |
2024 | |
| | |
(Unaudited) | | |
(Audited) | |
| Equipment Parts Inventory | |
$ | 1,844,223 | | |
$ | 1,820,347 | |
| Finished Goods Inventory | |
| 763,160 | | |
| 999,100 | |
| Work in process Inventory | |
| 94,175 | | |
| 295,950 | |
| Consignment Inventory | |
| 171,823.00 | | |
| - | |
| Inventory Reserve | |
| (727,990 | ) | |
| (776,638 | ) |
| Total Inventory | |
$ | 2,145,391 | | |
$ | 2,338,759 | |
|
On
December 31, 2024, and December 31, 2023, respectively, the Company’s inventory consisted of the following:
SCHEDULE OF INVENTORY
| | |
| | |
| |
| | |
Year Ended December 31, | |
| | |
2024 (Audited) | | |
2023 (Audited) | |
| Inventory | |
| | | |
| | |
| Equipment Parts Inventory | |
$ | 1,820347 | | |
$ | 862,941 | |
| Finished Goods Inventory | |
| 999,100 | | |
| 992,744 | |
| Sales Demo Inventory | |
| - | | |
| 162,958 | |
| Work in process Inventory | |
| 295,950 | | |
| 243,029 | |
| Consignment Inventory | |
| | | |
| | |
| Inventory Reserve | |
| (776,638 | ) | |
| (24,216 | ) |
| Total Inventory | |
$ | 2,338,759 | | |
$ | 2,237,456 | |
|
| SCHEDULE OF ESTIMATED USEFUL LIVES FOR SIGNIFICANT PROPERTY AND EQUIPMENT |
SCHEDULE OF ESTIMATED USEFUL LIVES FOR SIGNIFICANT PROPERTY AND EQUIPMENT
Category |
|
Economic
Useful Life |
| Office furniture and fixtures |
|
3-5 years |
| Machinery and equipment |
|
5-7 years |
| Leasehold Improvements |
|
1-10 years * |
| Intangible Assets |
|
6-15 years |
| * | | or the Lease term
-whichever is less. |
|
SCHEDULE OF ESTIMATED USEFUL LIVES FOR SIGNIFICANT PROPERTY AND EQUIPMENT
| Category | |
Economic Useful Life |
| Office furniture and fixtures | |
3-5 years |
| Machinery and equipment | |
5-7 years |
| Leasehold Improvements | |
1-10 years |
| Intangible Assets | |
6-15 years |
|
| SCHEDULE OF FIXED ASSETS |
SCHEDULE OF FIXED ASSETS
| Fixed Assets | |
As of
September 30, 2025
(Unaudited) | | |
As of
December 31, 2024
(Audited) | |
| Accumulated Depreciation | |
$ | (3,389,198 | ) | |
$ | (2,513,551 | ) |
| Machinery & Equipment | |
| 2,459,093 | | |
| 2,458,986 | |
| Office Furniture & Computer Equipment | |
| 317,147 | | |
| 301,487 | |
| Vehicles | |
| 117,894 | | |
| 117,894 | |
| R&D Equipment | |
| 43,268 | | |
| 43,268 | |
| Software | |
| 50,671 | | |
| 50,671 | |
| Leasehold improvements | |
| 264,458 | | |
| 257,558 | |
| Consignment Machine & Equipment | |
| 45,634 | | |
| - | |
| Demonstration equipment | |
| 1,193,450 | | |
| 1,155,721 | |
| Property, plant and equipment, gross | |
| 1,193,450 | | |
| 1,155,721 | |
| Total Fixed Assets | |
$ | 1,102,417 | | |
$ | 1,872,034 | |
|
SCHEDULE OF FIXED ASSETS
| | |
| | |
| |
| | |
Year Ended December 31, | |
| | |
2024 (Audited) | | |
2023 (Audited) | |
| Fixed Assets | |
| | | |
| | |
| Accumulated Depreciation | |
$ | (2,513,551 | ) | |
$ | (729,956 | ) |
| Machinery & Equipment | |
| 2,458,986 | | |
| 796,783 | |
| Office Furniture & Computer Equipment | |
| 301,487 | | |
| 77,487 | |
| Vehicles | |
| 117,894 | | |
| 90,959 | |
| R&D Equipment | |
| 43,268 | | |
| 37,973 | |
| Software | |
| 50,671 | | |
| - | |
| Leasehold improvements | |
| 257,558 | | |
| 31,775 | |
| Demonstration equipment | |
| 1,155,721 | | |
| 647,790 | |
| Property, Plant and Equipment, Gross | |
| 1,155,721 | | |
| 647,790 | |
| Total Fixed Assets | |
$ | 1,872,034 | | |
$ | 952,811 | |
|
| SCHEDULE OF INTANGIBLE ASSETS ASSETS |
SCHEDULE OF INTANGIBLE ASSETS ASSETS
| Intangible Assets | |
As of
September 30, 2025
(Unaudited) | | |
As of
December 31, 2024
(Audited) | |
| Accumulated Amortization | |
$ | (1,604,516 | ) | |
$ | (1,125,025 | ) |
| Customer Relationships | |
| 211,000 | | |
| 211,000 | |
| Equipment Design Documentation | |
| 2,675,000 | | |
| 2,675,000 | |
| Operational Software & Website | |
| 381,539 | | |
| 381,539 | |
| Trademarks | |
| 787,800 | | |
| 787,800 | |
| License & Patents | |
| 3,460,876 | | |
| 3,460,877 | |
| Intangible assets gross | |
| 3,460,876 | | |
| 3,460,877 | |
| Accumulated Impairment Loss | |
| (932,669 | ) | |
| (932,669 | ) |
| Total Intangible Assets | |
$ | 4,979,030 | | |
$ | 5,458,522 | |
|
SCHEDULE
OF INTANGIBLE ASSETS
| | |
| | |
| |
| | |
Year Ended December 31, | |
| | |
2024 (Audited) | | |
2023 (Audited) | |
| Intangible Assets | |
| | | |
| | |
| Accumulated Amortization | |
$ | (1,125,025 | ) | |
$ | (725,228 | ) |
| Customer Relationships | |
| 211,000 | | |
| 211,000 | |
| Equipment Design Documentation | |
| 2,675,000 | | |
| 2,675,000 | |
| Operational Software & Website | |
| 381,539 | | |
| 339,539 | |
| Trademarks | |
| 787,800 | | |
| 216,800 | |
| License & Patents | |
| 3,460,877 | | |
| 1,562,876 | |
| Accumulated Impairment Loss | |
| (932,669 | ) | |
| 0 | |
| Total Intangible Assets | |
$ | 5,458,522 | | |
$ | 4,279,987 | |
|
| SCHEDULE OF INCOME TAXES |
|
The
provision for income taxes is calculated at a US corporate tax rate of approximately 21% (2023: 21%) as follows:
SCHEDULE OF INCOME TAXES
| | |
2024 | | |
2023 | |
| | |
$ | | |
$ | |
| Expected income tax (expense) recovery from net (income) loss | |
| 528,953 | | |
| 790,846 | |
| Tax effect of expenses not deductible for income tax: | |
| | | |
| | |
| Annual effect of book/tax differences | |
| 1,099,453 | | |
| 3,765,932 | |
| Change in the valuation allowance | |
| (1,628,406 | ) | |
| (4,586,841 | ) |
|