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

Note 6 – Plant, Property and Equipment

 

Property, plant and equipment are stated at cost. Depreciation of property, plant and equipment begins in the month when the asset is placed into service and is provided using the straight-line method for financial reporting purposes at rates based on the estimated useful lives of the assets. Estimated useful lives range from three to twenty years. Property, plant and equipment consist of the following:

Schedule of property and equipment        
Year Ended December 31,  2024   2023 
Equipment  $336,880   $171,859 
Computer equipment   53,531    7,368 
Furniture and fixtures   50,686    34,132 
Leasehold improvements   88,306    17,664 
Vehicles   353,185    324,841 
Total   882,588    555,864 
Less: Accumulated depreciation   (336,533)   (189,996)
Plant, property and equipment, net  $546,055   $365,868 

 

Depreciation expense for the years ended December 31, 2024 and 2023 amounted to $146,518 and $110,701, respectively.