Quarterly report [Sections 13 or 15(d)]

PROPERTY AND EQUIPMENT

v3.25.1
PROPERTY AND EQUIPMENT
 3 Months Ended
Mar. 31, 2025
Property, Plant and Equipment [Abstract]  
PROPERTY AND EQUIPMENT

NOTE 2 – PROPERTY AND EQUIPMENT

 

Property and equipment consist of the following:

 

    March 31, 2025   December 31, 2024
    (Unaudited)    
Production and shop equipment and machinery and fixtures   $ 3,654     $ 3,654  
Vehicles     177       177  
Leasehold improvements     390       390  
Computer software and office equipment     291       291  
Total property and equipment, cost     4,512       4,512  
Less: accumulated depreciation and amortization     (4,334 )     (4,316 )
Property and equipment, net   $ 178     $ 196  

 

Depreciation and amortization expense on property and equipment for the three months ended March 31, 2025 and 2024 was $17 and $66, respectively. During the three months ended March 31, 2025 and 2024, $16 and $63, respectively, of the depreciation expense was included in the balance of cost of sales.