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PROPERTY, EQUIPMENT AND SOFTWARE | 12 Months Ended
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Dec. 31, 2024
Property, Plant and Equipment [Abstract] |
PROPERTY, EQUIPMENT AND SOFTWARE | 9. PROPERTY, EQUIPMENT AND SOFTWARE As of December 31, 2024 and 2023, property, equipment and software consist of: SCHEDULE OF PROPERTY, EQUIPMENT AND SOFTWARE
|  | 2024 |  |  | 2023 |
|  | December 31, |
|  | 2024 |  |  | 2023 |
Office buildings |  | $ | 3,831,577 |  |  | $ | 3,944,905 |
Electronic equipment, furniture and fixtures |  |  | 2,966,868 |  |  |  | 2,723,306 |
Media display equipment |  |  | 904,646 |  |  |  | 1,081,589 |
Purchased software |  |  | 8,149,803 |  |  |  | 6,729,225 |
Property, equipment and software, gross |  |  | 15,852,894 |  |  |  | 14,479,025 |
Less: accumulated depreciation |  |  | (10,298,566 | ) |  |  | (7,801,541 | )
Property, equipment and software, net |  | $ | 5,554,328 |  |  | $ | 6,677,484 |
Depreciation expense for the year ended December 31, 2024, 2023, and 2022 were approximately $2.0 million, $2.5 million and $3.5 million for continuing operations, and -0- million, $0.5 million and $3.7 million for discontinued operations, respectively. Management regularly evaluates property, equipment and software for impairment, if an event occurs or circumstances change that would potentially indicate that the carrying amount of the property, equipment and software exceeded its fair value. Company’s office buildings, with net carrying value of approximately $2.3 million, are used as collateral for its bank loans. TAOPING INC. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

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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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