Annual report [Section 13 and 15(d), not S-K Item 405]

PROPERTY AND EQUIPMENT

PROPERTY AND EQUIPMENT

12 Months Ended

Dec. 31, 2024

Property, Plant and Equipment [Abstract]

NOTE 4 - PROPERTY AND EQUIPMENT

Property and equipment was comprised of the following:

	December 31, 2024			December 31, 2023

Field and shop equipment	$	397,600		$	398,100
Vehicles		72,500			72,500
Furniture and office equipment		274,600			255,400
Leasehold improvements		36,200			36,200

Property and equipment, gross		780,900			762,200
Less: accumulated depreciation and amortization		(736,900	)		(728,600	)
Property and equipment, net	$	44,000		$	33,600

Depreciation expense for the years ended December 31, 2024, and 2023 was $11,800 and $19,500, respectively. For the year ended December 31, 2024, and 2023, depreciation expense included in cost of goods sold was $7,700 and $19,500, respectively. For the year ended December 31, 2024, and 2023 depreciation expense included in selling, general and administrative expenses was $4,100 and $0, respectively.

The Company evaluated its fixed assets for impairment and determined that no impairment charges were incurred in fiscal years ended December 31, 2024 and 2023.