Quarterly report [Sections 13 or 15(d)]

PROPERTY AND EQUIPMENT

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PROPERTY AND EQUIPMENT
 9 Months Ended
Sep. 30, 2025
Property, Plant and Equipment [Abstract]  
PROPERTY AND EQUIPMENT

NOTE 2 – PROPERTY AND EQUIPMENT

 

Property and equipment consist of the following:

 

   

September 30,

2025

(Unaudited)

    

December 31,

2024

  
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     (4,368 )     (4,316 )
Property and equipment, net     144       196  

 

Depreciation and amortization expense on property and equipment for the three months ended September 30, 2025 and 2024 was $17 and $25, respectively. During the three months ended September 30, 2025 and 2024, $16 and $23, respectively, of the depreciation expense was included in cost of sales.

 

Depreciation and amortization expense on property and equipment for the nine months ended September 30, 2025 and 2024 was $51 and $146, respectively. During the nine months ended September 30, 2025 and 2024, $49 and $140, respectively, of the depreciation expense was included in cost of sales.