XML 23 R12.htm IDEA: XBRL DOCUMENT v3.24.2.u1
PROPERTY AND EQUIPMENT, NET
6 Months Ended
Jun. 30, 2024
Property, Plant and Equipment [Abstract]  
PROPERTY AND EQUIPMENT, NET

NOTE 4 – PROPERTY AND EQUIPMENT, NET

 

Property and equipment consisted of the following as of June 30, 2024 and December 31, 2023:

 

   June 30,   December 31, 
   2024   2023 
Containers  $2,038,638   $1,740,393 
Trucks and tractors   7,308,129    4,388,091 
Trailers   1,033,259    1,033,259 
Shop equipment   2,787,505    40,380 
Furniture   9,257    - 
Computers and software   4,271    - 
Leasehold improvements   147,765    33,934 
Property and equipment, gross   13,328,824    7,236,057 
Less accumulated depreciation   (1,755,244)   (1,455,310)
Net book value  $11,573,580   $5,780,747 

 

Depreciation expense for the three and six months ended June 30, 2024 were $187,100 and $299,934, respectively. Depreciation expense for the three and six months ended June 30, 2023 were $97,162 and $191,956, respectively.