Property and equipment

3 Months Ended

Mar. 31, 2025

Property, Plant and Equipment [Abstract]

Property and equipment

5. Property and equipment

As disclosed in note 4 above, in terms of an APA agreement entered into on October 22, 2024, on January 9, 2025, the Company consummated the acquisition of the Acquired Assets of ERC, which included furniture and equipment, estimated at $483,194 and vehicles of $168,558.

Property and equipment consists of the following:  

		March 31, 2025							December 31, 2024
	Useful lives	Cost		Accumulated depreciation			Net book value		Net book value
Leasehold improvements	Life of lease	$	523,259	$	(150,218	)	$	373,041	$	376,045
Furniture and fixtures	6 years		881,379		(128,367	)		753,012		303,429
Vehicles	5 years		224,507		(50,856	)		173,651		15,699
Computer equipment	3 years		10,641		(5,534	)		5,107		4,515
		$	1,639,786	$	(334,975	)	$	1,304,811	$	699,688

Depreciation expense for the three months ended March 31, 2025 and 2024 was $59,258 and $21,711, respectively.