v3.25.4
PROPERTY AND EQUIPMENT
 9 Months Ended 12 Months Ended
Sep. 30, 2025
Dec. 31, 2024
Property, Plant and Equipment [Abstract]    
PROPERTY AND EQUIPMENT

6. PROPERTY AND EQUIPMENT, NET

 

As of September 30, 2025, and December 31, 2024, property and equipment consisted of the following:

          
   September 30, 2025   December 31, 2024 
Machinery and equipment  $648,000   $648,000 
Leasehold improvements, furniture and equipment   312,000    221,000 
Gross property and equipment   960,000    869,000 
Less: accumulated depreciation and amortization   (774,000)   (715,000)
Property and equipment, net  $186,000   $154,000 

 

Depreciation and amortization expenses related to property and equipment was $20,000 and $17,000 for the three months ended September 30, 2025, and 2024, respectively. Depreciation and amortization expenses related to property and equipment was $59,000 and $68,000 for the nine months ended September 30, 2025, and 2024, respectively.

 

7. PROPERTY AND EQUIPMENT

 

As of December 31, 2024, and 2023, property and equipment consisted of the following: 

          
   December 31,
2024		   December 31,
2023		 
Machinery and equipment  $648,000   $649,000 
Leasehold improvements, furniture and equipment   221,000    217,000 
EV chargers   -    141,000 
    869,000    1,007,000 
Less: accumulated depreciation and amortization   (715,000)   (649,000)
Property and equipment, net  $154,000   $358,000 

 

Depreciation and amortization expense related to property and equipment was $94,000 and $63,000 for the years ended December 31, 2024, and 2023, respectively.

 

Depreciation is calculated using the straight-line method over the estimated useful lives of the assets, at the following rates:

   
    Useful Lives
Asset   (In Years)
Computer software and office and computer equipment   3 - 5
Machinery and equipment, automobiles, furniture, and fixtures   3 - 15
Leasehold improvements   Over the term of the lease or the life of the asset, whichever is shorter