Property and Equipment, Net

12 Months Ended

Dec. 31, 2024

Property and Equipment, Net [Abstract]

Property and equipment, net

Note 8 — Property and equipment, net

Property and equipment, net consist of the following:

	As of December 31,
	2024			2023
Computer equipment	$	527,372		$	414,230
Office equipment, fixtures and furniture		2,042,230			1,997,452
Automobiles		179,273			184,308
Buildings		4,455,440			4,580,571
Construction in Progress		1,083,036			618,661
Subtotal		8,287,351			7,795,222
Less: accumulated depreciation		(2,306,659	)		(1,892,273	)
Property and equipment, net	$	5,980,692		$	5,902,949

Depreciation expense for the years ended December 31, 2024, 2023 and 2022 amounted to $480,560, $453,628 and $359,344, respectively. As of December 31, 2024, buildings with net book value amounted to $3,696,775 were pledged for obtaining various of loans (See Note 11).