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PROPERTY AND EQUIPMENT, NET
3 Months Ended
Mar. 31, 2025
PROPERTY AND EQUIPMENT, NET  
PROPERTY AND EQUIPMENT, NET

NOTE 6 — PROPERTY AND EQUIPMENT, NET

The following table summarizes the details of the Company’s property and equipment, net:

March 31, 

December 31, 

    

2025

    

2024

Consumer

 

  

 

  

Land

$

1,824,892

$

1,824,892

Building and improvements

 

6,114,344

 

6,078,606

Leasehold improvements

 

1,849,082

 

1,736,193

Furniture and fixtures

 

1,257,268

 

1,203,540

Machinery and equipment

 

1,493,298

 

1,570,704

Vehicles

 

53,318

 

53,318

Construction in progress (1)

 

136,579

 

135,856

 

12,728,781

 

12,603,109

Less: accumulated depreciation

 

(3,312,711)

 

(3,287,437)

Sub-total

 

9,416,070

 

9,315,672

Commercial

 

  

 

  

Leasehold improvements

 

172,391

 

172,391

Furniture and fixtures

 

74,811

 

74,811

Machinery and equipment

 

1,336,427

 

1,336,427

Vehicles

 

206,556

 

206,556

 

1,790,185

 

1,790,185

Less: accumulated depreciation

 

(1,186,004)

 

(1,112,694)

Sub-total

 

604,181

 

677,491

Corporate

 

  

 

  

Land

 

1,106,664

 

1,106,664

Building and improvements

 

2,704,111

 

2,688,523

Machinery and equipment

 

49,200

 

28,627

Construction in progress (1)

 

79,872

 

 

3,939,847

 

3,823,814

Less: accumulated depreciation

 

(322,594)

 

(301,815)

Sub-total

 

3,617,253

 

3,521,999

$

13,637,504

$

13,515,162

(1)As of March 31, 2025 and December 31, 2024, these assets are being constructed, have not yet been placed into service and are not yet depreciable.