PROPERTY, PLANT, AND EQUIPMENT

6 Months Ended

12 Months Ended

Jun. 30, 2024

Dec. 31, 2023

Property, Plant and Equipment [Abstract]

PROPERTY, PLANT, AND EQUIPMENT

NOTE 9. PROPERTY, PLANT, AND EQUIPMENT

Property, plant, and equipment consist of the following:

	June 30, 2024			December 31, 2023
Displays	$	312,146		$	312,146
Building		-			575,000
Furniture and fixtures		511,832			505,436
Leasehold improvements		1,959,553			1,925,385
Computer hardware & equipment		188,131			141,682
Other		710,683			680,718
		3,682,345			4,140,367
Less: accumulated depreciation and amortization		(1,697,406	)		(1,463,728	)
Total property, plant, and equipment	$	1,984,939		$	2,676,639

The Company incurred approximately $131,000 and $138,000 of depreciation expense for the three months ended June 30, 2024 and 2023, and $265,000 and $276,000 for the six months ended June 30, 2024 and 2023, respectively. Depreciation expense was included in operating expenses on the condensed consolidated carve-out statements of operations.

NOTE 8. PROPERTY, PLANT, AND EQUIPMENT

Property, plant, and equipment consist of the following:

	December 31, 2023			December 31, 2022
Displays	$	312,146		$	312,146
Building		575,000			575,000
Furniture and fixtures		505,436			469,338
Leasehold improvements		1,925,385			1,910,719
Computer hardware & equipment		141,682			114,525
Other		680,718			579,547
		4,140,367			3,961,275
Less: accumulated depreciation and amortization		(1,463,728	)		(925,428	)
Total property, plant, and equipment	$	2,676,639		$	3,035,847

The Company incurred approximately $539,000 and $280,000 of depreciation expense for the years ended December 31, 2023 and 2022, respectively. Depreciation expense was included in operating expenses on the consolidated carve-out statements of operations.