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PROPERTY, PLANT, AND EQUIPMENT
 12 Months Ended
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:

               
    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:

     
2025  $1,619 
2026   1,023 
2027   1,023 
2028   1,023 
2029   811 
Total  $5,499