Useful Lives
(Years)

March 31,
2025

December 31,
2024

Construction in progress

-

$

740,364

$

13,969,784

Tools, machinery and equipment

3 - 10

6,021,572

5,898,618

Plant

10

18,004,077

2,269,204

Computer equipment

3 - 4

175,219

145,225

Vehicles

5

351,553

292,498

Software

5

466,134

1,590

Office furniture

5 - 10

152,821

147,079

Leasehold improvements

5

119,332

115,890

Property and equipment, at cost

26,031,072

22,839,888

Less accumulated depreciation

(650,292

)

(485,511

)

Property and equipment, net

$

25,380,780

$

22,354,377