Annual report [Section 13 and 15(d), not S-K Item 405]

Equipment and Improvements

v3.25.1
Equipment and Improvements
12 Months Ended
Dec. 31, 2024
Property, Plant and Equipment [Abstract]  
Equipment and Improvements

6. Equipment and Improvements

 

Equipment and Improvements, net

 

 

 

Year ended December 31,

 

 

 

2024

 

 

2023

 

Furniture and office equipment

 

$

86,930

 

 

$

86,930

 

IT equipment

 

 

16,895

 

 

 

16,895

 

 

 

 

103,825

 

 

 

103,825

 

    Less: Accumulated depreciation

 

 

56,725

 

 

 

30,453

 

Total

 

$

47,100

 

 

$

73,372

 

 

Depreciation expense for the year ended December 31, 2024 was $26,272. Depreciation expense for the year ended December 31, 2023 was $177,398.