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PROPERTY AND EQUIPMENT
 12 Months Ended
Dec. 31, 2024
PROPERTY AND EQUIPMENT  
PROPERTY AND EQUIPMENT

NOTE 5. PROPERTY AND EQUIPMENT

 

Property and equipment consist of the following at:

 

 

 

December 31,

2024

 

 

December 31,

2023

 

Furniture and fixtures

 

$458,652

 

 

$364,819

 

Equipment

 

 

2,301,803

 

 

 

2,269,185

 

Vehicles

 

 

66,170

 

 

 

66,170

 

Computer and software

 

 

316,334

 

 

 

306,556

 

Leasehold improvements

 

 

393,381

 

 

 

393,381

 

Tenant Improvement Allowance 

 

 

405,000

 

 

 

405,000

 

 

 

 

 

 

 

 

 

 

Total Property and Equipment

 

 

3,941,340

 

 

 

3,805,111

 

Less: Accumulated depreciation

 

 

3,065,891

 

 

 

2,756,469

 

Property and Equipment, net

 

$875,449

 

 

$1,048,642

 

 

For the years ended December 31, 2024 and 2023, depreciation was $270,228 and $345,556, respectively. For the years ended December 31, 2024 and 2023, amortization of tenant improvement allowance was $39,194 and was recorded as lease expense and included within general and administrative expense on the consolidated statement of operations.