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v3.25.1

PROPERTY, PLANT, AND EQUIPMENT | 12 Months Ended
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Dec. 31, 2024
Property, Plant and Equipment [Abstract] |
PROPERTY, PLANT, AND EQUIPMENT | NOTE 8. PROPERTY, PLANT, AND EQUIPMENT Property and equipment are stated at cost and are depreciated using the straight-line method over the estimated useful lives of the related assets. Furniture and fixtures are depreciated over seven years. Computer and office equipment and computer software are depreciated over five years. Repairs and maintenance costs, which are not considered improvements and do not extend the useful life of the property and equipment, are expensed as incurred. The Company’s property and equipment are as follows:
Schedule of property and equipment |  |  |  |  |  |  |  |
|  | December 31, |
|  | 2024 |  |  | 2023 |
Furniture and fixtures |  | $ | – |  |  | $ | – |
Computer and office equipment |  |  | 18,147 |  |  |  | 13,032 |
Software |  |  | 42,150 |  |  |  | 42,150 |
Other Equipment |  |  | – |  |  |  | – |
|  |  | 60,297 |  |  |  | 55,182 |
Less: Accumulated depreciation |  |  | (54,799 | ) |  |  | (53,400 | )
Property and equipment, net |  | $ | 5,499 |  |  | $ | 1,782 |
Depreciation expense related to property and equipment were $1,399 and $1,564 for the years ended December 31, 2024, and 2023, respectively. Future depreciation and amortization of property, equipment, and software is as follows:
Schedule of future depreciation of property and equipment |  |  |  |
2025 |  | $ | 1,619 |
2026 |  |  | 1,023 |
2027 |  |  | 1,023 |
2028 |  |  | 1,023 |
2029 |  |  | 811 |
Total |  | $ | 5,499 |

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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 + Details
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