XML 123 R11.htm IDEA: XBRL DOCUMENT v3.25.1

PROPERTY AND EQUIPMENT, NET

3 Months Ended

12 Months Ended

Mar. 31, 2025

Dec. 31, 2024

PROPERTY AND EQUIPMENT, NET

PROPERTY AND EQUIPMENT, NET

NOTE 4 – PROPERTY AND EQUIPMENT, NET

Property and equipment, net consists of the following at March 31, 2025 and December 31, 2024: 

		March 31, 2025				December 31, 2024
Land		$	3,465,629				3,322,780
Buildings and improvements			4,713,642				4,526,432
Leasehold improvements			3,552				3,405
Vehicles			277,896				265,261
Furniture, fixtures and equipment			2,973,291				2,846,657
			11,434,100				10,964,535
Less: Accumulated depreciation and amortization			(1,418,032	)			(1,275,030	)
Total		$	10,016,068				9,689,505

NOTE 4 – PROPERTY AND EQUIPMENT, NET

Property and equipment, net consists of the following on December 31, 2024 and 2023: 

		2024				2023
Land		$	3,322,780			$	3,551,018
Buildings and improvements			4,526,432				4,787,963
Leasehold improvements			3,405				3,639
Vehicles			265,261				285,388
Furniture, fixtures and equipment			2,846,657				2,661,337
			10,964,535				11,289,345
Less: Accumulated depreciation and amortization			(1,275,030	)			(957,255	)
Total		$	9,689,505			$	10,332,090

Depreciation expense was $387,036 and $353,043 for the years ended December 31, 2024 and 2023, respectively.

X

- References

No definition available.

+ Details

Name:	us-gaap_PropertyPlantAndEquipmentAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

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

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (d)
-SubTopic 360
-Topic 958
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477798/958-360-50-1

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 7
-SubTopic 360
-Topic 958
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477798/958-360-50-7

+ Details

Name:	us-gaap_PropertyPlantAndEquipmentDisclosureTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration