XML 57 R35.htm IDEA: XBRL DOCUMENT

PROPERTY AND EQUIPMENT, NET (Tables)

12 Months Ended

Dec. 31, 2024

PROPERTY AND EQUIPMENT, NET

Schedule of property and equipment, net


											Adjusted
		December 31,			December 31,						December 31,
		2024			2023			Reclassification			2023
Consumer
Land		$	1,824,892		$	1,824,892		$	—		$	1,824,892
Building and improvements			6,078,606			4,126,507			(1,443,207)			2,683,300
Leasehold improvements			1,736,193			1,450,695			—			1,450,695
Furniture and fixtures			1,203,540			802,058			(101,226)			700,832
Machinery and equipment			1,570,704			1,224,783			(3,215)			1,221,568
Vehicles			53,318			22,859			—			22,859
Construction in progress ⁽¹⁾⁽⁵⁾			135,856			—			1,547,648			1,547,648
			12,603,109			9,451,794			—			9,451,794
Less: accumulated depreciation			(3,287,437)			(2,946,727)			—			(2,946,727)

Sub-total			9,315,672			6,505,067			—			6,505,067

Commercial
Leasehold improvements			172,391			151,647			—			151,647
Furniture and fixtures			74,811			145,950			—			145,950
Machinery and equipment			1,336,427			1,142,731			(48,979)			1,093,752
Vehicles			206,556			222,232			—			222,232
Construction in progress ⁽²⁾⁽⁵⁾			—			—			48,979			48,979
			1,790,185			1,662,560			—			1,662,560
Less: accumulated depreciation			(1,112,694)			(819,389)			—			(819,389)

Sub-total			677,491			843,171			—			843,171

Corporate
Land			1,106,664			1,106,664			—			1,106,664
Building and improvements			2,688,523			2,505,716			(3,500)			2,502,216
Machinery and equipment			28,627			28,627			—			28,627
Enterprise resource planning system ⁽³⁾			—			191,075			(191,075)			—
Construction in progress ⁽⁴⁾⁽⁵⁾			—			—			3,500			3,500
			3,823,814			3,832,082			(191,075)			3,641,007
Less: accumulated depreciation			(301,815)			(225,021)			—			(225,021)

Sub-total			3,521,999			3,607,061			(191,075)			3,415,986

		$	13,515,162		$	10,955,299		$	(191,075)		$	10,764,224

(1)	The reclassification primarily related to the build-out of our Arizona retail stores, which were placed into service in the second quarter of Fiscal 2024.

(2)	The reclassification related to the build-out of production equipment, which was placed into service in the second quarter of Fiscal 2024.

(3)	Reclassified amount to Intangible Assets, Net. See Note 8 – Intangible Assets, Net for further details.

(4)	The reclassification related to improvements to our corporate headquarters, which were placed into service in the second quarter of Fiscal 2024.

(5)	As of December 31, 2024 and December 31, 2023, these assets are being constructed, have not yet been placed into service and are not yet depreciable.