Quarterly report [Sections 13 or 15(d)]

PROPERTY AND EQUIPMENT

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PROPERTY AND EQUIPMENT
 3 Months Ended
Mar. 31, 2026
Property, Plant, and Equipment [Abstract]  
PROPERTY AND EQUIPMENT

NOTE 13 – PROPERTY AND EQUIPMENT

 

Property and equipment, net consist of the following:

  

    March 31, 2026     December 31, 2025  
Computer equipment   $ 104,747     $ 104,747  
Tools and equipment     168,244       147,903  
Furniture and equipment     18,861       39,202  
CIP     -       154,850  
Property and equipment, gross     291,852       446,702  
Less: Accumulated depreciation     (280,763 )     (279,054 )
Property and equipment, net   $ 11,089     $ 167,648  

 

Construction in Progress (“CIP”) represents costs incurred for ongoing projects that are not yet ready for their intended use. As of December 31, 2025, the balance of CIP was $154,850 and related to the implementation of a new enterprise resource planning (“ERP”) system. During the three months ended March 31, 2026, the Company completed the ERP implementation and placed the system into service. Accordingly, the full CIP balance was transferred to intangible assets. As of March 31, 2026, the Company had no Construction in Progress.