Property and Equipment (Tables)

12 Months Ended

Dec. 31, 2024

Property, Plant and Equipment [Abstract]

Schedule of components of property and equipment

The components of property and equipment are summarized as follows:

	Cost		Accumulated Depreciation		Net
December 31, 2024
Building (1)	$	2,344,188	$	(1,083,235)	$	1,260,953
Land (1)	652,437		-		652,437
Furniture and office equipment	828,011		(828,011)		-
Computer equipment and software	27,360,191		(20,000,218)		7,359,973
Automobile	134,034		(123,427)		10,607
Total	$	31,318,861	$	(22,034,891)	$	9,283,970
December 31, 2023
Building	$	2,344,188	$	(1,004,096)	$	1,340,092
Land	652,437		-		652,437
Furniture and office equipment	828,011		(828,011)		-
Computer equipment and software	25,022,986		(17,641,981)		7,381,005
Automobile	134,034		(111,871)		22,163
Total	$	28,981,656	$	(19,585,959)	$	9,395,697

Depreciation expense for the years ended December 31, 2024 and 2023 was $2,448,932 and $2,973,440, respectively.

(1) See Note 20 - Subsequent Events, Sale of Real Estate.