Quarterly report [Sections 13 or 15(d)]

PROPERTY AND EQUIPMENT

v3.25.3
PROPERTY AND EQUIPMENT
 9 Months Ended
Sep. 30, 2025
Property, Plant and Equipment [Abstract]  
PROPERTY AND EQUIPMENT

NOTE 4 – PROPERTY AND EQUIPMENT

 

The major classes of property and equipment are as follows at September 30, 2025 and December 31, 2024:

 Schedule of property and equipment            
    September 30,
2025		     December 31,
2024		  
Furniture and Fixtures   $ 161,097     $ 132,018  
Tools and Equipment     1,618,642       1,569,034  
EDC PODS and Generators     1,791,061       —  
Leasehold Improvements     306,910       298,004  
Construction in Progress     9,739,895       2,099,493  
Internal Use Software     381,441       381,441  
      13,999,046       4,479,990  
Accumulated Depreciation     (2,011,884 )     (1,708,211 )
Property and Equipment, net   $ 11,987,162     $ 2,771,779  

 

Depreciation expense for the nine months ended September 30, 2025 was $303,673 of which $39,142 is included in cost of revenues and $264,531 in general and administration expenses.

  

Depreciation expense for the nine months ended September 30, 2024 was $255,713 of which $0 is included in cost of revenues and $255,713 in general and administration expenses.

 

Depreciation expense for the three months ended September 30, 2025 was $105,626 of which $23,800 is included in cost of revenues and $81,826 in general and administration expenses.

 

Depreciation expense for the three months ended September 30, 2024 was $81,093 of which $0 is included in cost of revenues and $81,093 in general and administration expenses.