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PROPERTY AND EQUIPMENT
 12 Months Ended
Dec. 31, 2024
Property, Plant and Equipment [Abstract]  
PROPERTY AND EQUIPMENT

  6. PROPERTY AND EQUIPMENT

 

The components of property and equipment consist of the following:

 

    December 31,     Estimated  
    2024     2023     Useful Life (years)  
Machinery and equipment   $ 4,247,671     $ 4,004,779     5 to 7  
Computer equipment     4,393,060       4,242,437     5 to 10  
Furniture and fixtures     709,350       709,350     7  
Automobiles and trucks     13,162       13,162     5  
Leasehold improvements     2,702,891       2,692,552      Lesser of lease term or 10 years  
Total gross property and equipment     12,066,134       11,662,280        
Less accumulated depreciation and amortization     (11,298,230 )     (10,868,224 )      
Total property and equipment, net   $ 767,904     $ 794,056        

 

Depreciation expense for the years ended December 31, 2024 and 2023 was $430,006 and $470,950, respectively.