v3.26.1
Property, Plant and Equipment, Net
 3 Months Ended
Mar. 31, 2026
Property, Plant and Equipment, Net [Abstract]  
PROPERTY, PLANT AND EQUIPMENT, NET

NOTE 4 – PROPERTY, PLANT AND EQUIPMENT, NET

 

The Company’s property, plant and equipment consisted of the following as of:

 

   March 31,
2026		   December 31,
2025		 
Gross Amount        
Computer & peripheral   490,800    485,125 
Furniture   322,822    335,664 
Leasehold improvement   707,461    738,955 
Office equipment   398,503    405,993 
Pay Per Use Systems   5,333,724    5,368,388 
Plant and machinery   663,344    592,426 
Server & networking   39,038    40,380 
Vehicles   759,041    680,211 
Demo system   1,914,116    1,999,327 
Capital work in progress   
-
    
-
 
Accumulated depreciation   (1,797,426)   (1,545,923)
Total   8,831,423    9,100,546 

 

Depreciation expenses for the three months ended March 31, 2026, and 2025 amounted to $323,747 and $208,882 respectively.

 

The Company deployed eight systems for demonstration purposes. As of March 31, 2026, four systems were located at the Company’s premises, and four systems were installed at a partner’s facility. These systems remain under the Company’s ownership and control and are therefore capitalized as property, plant, and equipment in accordance with ASC 360.