LEASING EQUIPMENT, NET

3 Months Ended

Mar. 31, 2026

Lessor Disclosure [Abstract]

LEASING EQUIPMENT, NET

3. LEASING EQUIPMENT, NET

Leasing equipment, net is summarized as follows:

	March 31, 2026 (unaudited)		December 31, 2025
Leasing equipment	$	1,638,528	$	2,057,624
Less: Accumulated depreciation	(389,735)		(511,820)
Leasing equipment, net	$	1,248,793	$	1,545,804

The Company identified certain assets in its leasing equipment portfolio with indicators of impairment. During the three months ended March 31, 2026 and 2025, the Company did not record any transactional impairment charges.

Depreciation expense for leasing equipment is summarized as follows (unaudited):

	Three Months Ended March 31,
	2026		2025
Depreciation expense for leasing equipment	$	47,310	$	55,886