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Property and Equipment
 3 Months Ended
Mar. 31, 2024
Property, Plant and Equipment [Abstract]  
Property and Equipment

4. Property and Equipment

 

At March 31, 2024 and December 31, 2023, property and equipment consisted of the following:

 

          
   2024  2023
Machinery and equipment  $2,721,589   $2,692,473 
Furniture and fixtures   40,299    40,299 
Land   1,119,758    1,119,758 
Leasehold improvements   1,228,860    1,228,860 
Software and website development   300,935    300,935 
Computer hardware and software   162,682    159,342 
Boat molds   6,404,888    5,871,373 
Vehicles   143,360    143,360 
Electric prototypes and tooling   142,526    142,526 
Assets under construction   4,432,030    2,977,894 
    16,696,926    14,676,820 
Less accumulated depreciation and amortization   (2,805,596)   (2,382,832)
   $13,891,330   $12,293,988 

  

Depreciation and amortization expense of property and equipment for the three months ended March 31, 2024 and 2023 were $425,281 and $218,276, respectively.