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PROPERTY AND EQUIPMENT

3 Months Ended

Mar. 31, 2025

PROPERTY AND EQUIPMENT

PROPERTY AND EQUIPMENT

NOTE 5. PROPERTY AND EQUIPMENT

Property and equipment consist of the following at:

		March 31, 2025 (Unaudited)				December 31, 2024
Furniture and fixtures		$	458,652			$	458,652
Equipment			2,316,200				2,301,803
Vehicles			66,170				66,170
Computer and software			316,334				316,334
Leasehold improvements			393,381				393,381
Tenant Improvement Allowance			405,000				405,000
Total cost of property and equipment			3,955,737				3,941,340
Less: Accumulated depreciation			3,137,433				3,065,891
Property and Equipment, net		$	818,304			$	875,449

For the three months ended March 31, 2025 and 2024, depreciation was $61,744 and $73,043, respectively.

For the three months ended March 31, 2025 and 2024, amortization of tenant improvement allowance was $9,798 and $9,798, respectively and was recorded as lease expense and included within general and administrative expense on the consolidated statement of operations.

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- References

No definition available.

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- 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

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