Quarterly report [Sections 13 or 15(d)]

Equipment and Improvements

v3.25.3
Equipment and Improvements
9 Months Ended
Sep. 30, 2025
Property, Plant and Equipment [Abstract]  
Equipment and Improvements
6.
Equipment and Improvements

 

Equipment and Improvements, net

 

 

 

September 30,
2025

 

 

December 31,
2024

 

Furniture and office equipment

 

$

100,329

 

 

$

86,930

 

IT equipment

 

 

16,895

 

 

 

16,895

 

 

 

 

117,224

 

 

 

103,825

 

    Less: Accumulated depreciation

 

 

117,224

 

 

 

56,725

 

Total

 

$

 

 

$

47,100

 

Depreciation expense for the three and nine months ended September 30, 2025 was $23,688 and $60,499, respectively. Depreciation expense for the three and nine months ended September 30, 2024 was $6,568 and $19,705, respectively.