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

Equipment and Improvements

v3.26.1
Equipment and Improvements
 12 Months Ended
Dec. 31, 2025
Property, Plant and Equipment [Abstract]  
Equipment and Improvements

6. Equipment and Improvements

 

Equipment and Improvements, net

 

 

 

December 31,
2025

 

 

December 31,
2024

 

Furniture and office equipment

$

 

—

 

$

 

86,930

 

IT equipment

 

 

—

 

 

 

16,895

 

 

 

 

—

 

 

 

103,825

 

    Less: Accumulated depreciation

 

 

—

 

 

 

56,725

 

Total

$

 

—

 

$

 

47,100

 
Depreciation expense for the year ended December 31, 2025 was $60,499. Depreciation expense for the year ended December 31, 2024 was $26,272. Upon expiration of the Company’s lease on September 30, 2025, the Company disposed of the related