Quarterly report [Sections 13 or 15(d)]

Property and Equipment

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

NOTE 4 – PROPERTY AND EQUIPMENT

 

Property and equipment consist of the following:

 

    March 31,
2025		     December 31,
2024		  
             
Vehicles   $ 149,916     $ 149,916  
Computer equipment     581,511       464,661  
Furniture and fixtures     346,485       336,682  
Leasehold improvements     3,656,389       3,612,176  
Development equipment     456,686       456,686  
Drones and base stations     1,012,946       1,012,946  
Machinery and Equipment     67,821       67,821  
      6,271,754       6,100,888  
Less: accumulated depreciation     (3,694,905 )     (3,514,197 )
Total property and equipment, net   $ 2,576,849     $ 2,586,691  

 

Depreciation expense for the three months ended March 31, 2025 and 2024 was $180,709 and $123,071, respectively. For the three months ended March 31, 2025 and 2024, the Company recognized a loss on disposal of Computer equipment of $0 and $3,278, respectively. Loss on disposal of assets is included in Other income (expense), net in the Company’s unaudited Condensed Consolidated Statements of Operations. As of March 31, 2025, there was $666,683 of net property and equipment located in Israel.