XML 26 R11.htm IDEA: XBRL DOCUMENT v3.24.2.u1
PROPERTY AND EQUIPMENT
6 Months Ended
Jun. 30, 2024
Property, Plant and Equipment [Abstract]  
PROPERTY AND EQUIPMENT

NOTE 4 – PROPERTY AND EQUIPMENT

 

Property and equipment include the following:

  

   June 30, 2024   December 31, 2023 
   (unaudited)   (audited) 
Plant, property and equipment  $375,316   $353,885 
Vehicles   398,121    435,153 
Property and equipment gross   773,437    789,038 
Less: Accumulated depreciation   (462,661)   (428,543)
Net property and equipment  $310,776   $360,495 

 

For the three-month and six-month periods ended June 30, 2024 and 2023 we recognized $30,681 and $25,275, and $54,996 and $54,365 in depreciation expense, respectively. We depreciate these assets over a period of 57 years, which has been deemed their useful life.