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Property and Equipment
3 Months Ended
Mar. 31, 2025
Property, Plant and Equipment [Abstract]  
Property and Equipment

Note 3. Property and Equipment

 

Property and equipment consisted of the following as of:

 

 

    March 31, 2025    December 31, 2024 
           
Land  $1,778,987   $1,778,987 
Building & building improvements   11,523,813    11,523,813 
Computer equipment   1,301,700    1,301,700 
Furniture and office equipment   349,669    349,669 
Machinery and equipment   4,381,623    4,368,752 
STEP equipment   2,973,335    2,561,775 
Leasehold improvements   340,703    336,763 
           
Total property and equipment   22,649,830    22,221,459 
Less: Accumulated depreciation and amortization   (6,331,215)   (6,016,796)
           
Property and equipment, net  $16,318,615   $16,204,663 

 

Depreciation expenses, including STEP depreciation, were $314,418 and $234,324 for the three months ended March 31, 2025 and 2024, respectively.