Quarterly report [Sections 13 or 15(d)]

PROPERTY AND EQUIPMENT

PROPERTY AND EQUIPMENT

6 Months Ended

Jun. 30, 2025

Property, Plant and Equipment [Abstract]

NOTE 4 – PROPERTY AND EQUIPMENT

Property and equipment was comprised of the following:

	June 30, 2025			December 31, 2024
	(unaudited)			*
Field and shop equipment	$	397,600		$	397,600
Vehicles		72,500			72,500
Furniture and office equipment		275,400			274,600
Leasehold improvements		36,200			36,200
Property and equipment, gross		781,700			780,900
Less: accumulated depreciation and amortization		(742,200	)		(736,900	)
Property and equipment, net	$	39,500		$	44,000

Depreciation expense for the three months ended June 30, 2025, and 2024 was $2,400 and $3,100, respectively. For the three months ended June 30, 2025, and 2024, depreciation expense included in cost of goods sold was $1,300 and $2,000, respectively. For both the three months ended June 30, 2025, and 2024, depreciation expense included in selling, general and administrative expenses was $1,100.

Depreciation expense for the six months ended June 30, 2025, and 2024 was $5,300 and $6,000, respectively. For the six months ended June 30, 2025, and 2024, depreciation expense included in cost of goods sold was $3,200 and $4,100, respectively. For the six months ended June 30, 2025, and 2024, depreciation expense included in selling, general and administrative expenses was $2,100 and $1,900, respectively.