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PROPERTY AND EQUIPMENT
 9 Months Ended
Sep. 30, 2025
PROPERTY AND EQUIPMENT  
PROPERTY AND EQUIPMENT

NOTE 5. PROPERTY AND EQUIPMENT

 

Property and equipment consist of the following at:

 

 

 

September 30, 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

 

 

318,999

 

 

 

316,334

 

Leasehold improvements

 

 

393,381

 

 

 

393,381

 

Tenant Improvement Allowance

 

 

405,000

 

 

 

405,000

 

Total cost of Property and Equipment

 

 

3,958,402

 

 

 

3,941,340

 

Less: Accumulated Depreciation

 

 

3,279,874

 

 

 

3,065,891

 

Property and Equipment, net

 

$678,528

 

 

$875,449

 

 

For the three and nine months ended September 30, 2025, depreciation was $60,822 and $184,587, respectively. For the three and nine months ended September 30, 2024, depreciation was $65,031 and $209,751, respectively.

 

For the three and nine months ended September 30, 2025, and 2024, amortization of tenant improvement allowance was $9,798 and $29,395, respectively and was recorded as lease expense and included within general and administrative expense on the consolidated statement of operations.