General form for registration of securities under the Securities Act of 1933

PROPERTY AND EQUIPMENT

v3.25.2
PROPERTY AND EQUIPMENT
 12 Months Ended
Dec. 31, 2024
Property, Plant and Equipment [Abstract]  
PROPERTY AND EQUIPMENT

NOTE 6 – PROPERTY AND EQUIPMENT

 

The major classes of property and equipment are as follows at December 31, 2024 and 2023:

Schedule of property and equipment            
    December 31,
2024		     December 31,
2023		  
Furniture and Fixtures   $ 132,018     $ 132,018  
Tools and Equipment     1,569,034       1,291,673  
Leasehold Improvements     298,004       298,004  
Construction in Progress     2,099,493          
Internal Use Software     381,441       381,441  
      4,479,990       2,103,136  
Accumulated Depreciation     (1,708,211 )     (1,376,629 )
Property, Equipment and Software, net   $ 2,771,779     $ 726,507  

 

             
    December 31,
2024		     December 31,
2023		  
Internal Use Software consisted of the following:                
Internal Use Software   $ 381,441     $ 381,441  
Accumulated depreciation     (225,429 )     (133,149 )
Internal Use Software, net   $ 156,012     $ 248,292  

 

             
    December 31,
2024		     December 31,
2023		  
Depreciation Expense:                
Property and equipment, excluding internal use software   $ 239,302     $ 315,686  
Internal Use Software amortization expense     92,280       84,328  

 

 

The following is a schedule of estimated future amortization expense of internal use software at December 31, 2024:

       
  2025     $ 97,340  
  2026       58,672  
  2027       —  
        $ 156,012