Quarterly report [Sections 13 or 15(d)]

Property and Equipment

v3.25.2
Property and Equipment
 6 Months Ended
Jun. 30, 2025
Property and Equipment [Abstract]  
PROPERTY AND EQUIPMENT

NOTE 4 – PROPERTY AND EQUIPMENT

 

Property and equipment consist of the following:

 

    June 30,
2025		     December 31,
2024		  
Vehicles   $ 149,916     $         149,916  
Computer equipment     624,256       464,661  
Furniture and fixtures     364,216       336,682  
Leasehold improvements     3,687,138       3,612,176  
Development equipment     456,686       456,686  
Drones and base stations     1,012,946       1,012,946  
Machinery and equipment     72,436       67,821  
Total property and equipment     6,367,594       6,100,888  
Less: accumulated depreciation     (3,883,886 )     (3,514,197 )
Net property and equipment   $ 2,483,708     $ 2,586,691  

 

Depreciation expense for the three months ended June 30, 2025 and 2024 was $188,980 and $111,234, respectively. Depreciation expense for the six months ended June 30, 2025 and 2024 was $369,689 and $234,305, respectively. For the three and six months ended June 30, 2025, the Company recognized no gain or loss on disposal of property and equipment. For the three and six months ended June 30, 2024, the Company recognized a gain on disposal of Computer equipment of $1,700 and loss on disposal of Computer equipment of $1,578, respectively. Gain or loss on disposal of property and equipment is included in Other income (expense), net in the Company’s unaudited Condensed Consolidated Statements of Operations. As of June 30, 2025, there was $694,550 of net property and equipment located in Israel.