| Schedule of Property and Equipment |
As
of June 30, 2026 and December 31, 2025, property and equipment consisted of the following:
Schedule
of Property and Equipment
| |
|
June 30, |
|
|
December 31, |
|
| |
|
2026 |
|
|
2025 |
|
| Office equipment |
|
$ |
17,061 |
|
|
$ |
17,061 |
|
| Computer equipment |
|
|
46,285 |
|
|
|
46,285 |
|
| Vehicle |
|
|
67,162 |
|
|
|
35,424 |
|
| Software |
|
|
1,131,091 |
|
|
|
1,131,091 |
|
| Machinery |
|
|
3,287,608 |
|
|
|
3,257,764 |
|
| Leasehold improvements |
|
|
397,536 |
|
|
|
397,536 |
|
| Satellite and related software |
|
|
8,048,931 |
|
|
|
8,041,931 |
|
| Construction in progress |
|
|
14,500,488 |
|
|
|
7,234,615 |
|
| Property and equipment, gross |
|
|
27,496,162 |
|
|
|
20,161,707 |
|
| Accumulated depreciation |
|
|
(7,196,890 |
) |
|
|
(5,977,328 |
) |
| Property and equipment, net of accumulated depreciation |
|
$ |
20,299,272 |
|
|
$ |
14,184,379 |
|
|
| Schedule of Depreciation Expenses |
Depreciation
expenses of property and equipment for the three and six months ended June 30, 2026 and 2025 are as follows.
Schedule
of Depreciation
Expenses
| |
|
2026 |
|
|
2025 |
|
|
2026 |
|
|
2025 |
|
| |
|
For the three months ended
June 30,
|
|
|
For the six months ended
June 30,
|
|
| Depreciation expense included as component of |
|
2026 |
|
|
2025 |
|
|
2026 |
|
|
2025 |
|
| Selling, general and administrative |
|
$ |
88,356 |
|
|
$ |
98,403 |
|
|
$ |
181,325 |
|
|
$ |
196,721 |
|
| Cost of revenue |
|
|
519,600 |
|
|
|
1,033,893 |
|
|
|
1,038,237 |
|
|
|
1,870,248 |
|
| Depreciation expense |
|
$ |
607,956 |
|
|
$ |
1,132,296 |
|
|
$ |
1,219,562 |
|
|
$ |
2,066,969 |
|
|