PROPERTY AND EQUIPMENT

12 Months Ended

Dec. 31, 2023

Property, Plant and Equipment [Abstract]

PROPERTY AND EQUIPMENT

NOTE 6 – PROPERTY AND EQUIPMENT

Property and equipment as of December 31, 2023 and 2022 is summarized as follows:

	December 31, 2023			December 31, 2022
Machinery & Equipment	$	18,028,893		$	12,995,494
Furniture & Fixtures		6,128			6,128
Vehicles		7,149,919			20,000
Leaseholder Improvement		1,862,593			988,100
Land		980,129			980,129
Buildings		724,170			724,170
Subtotal		28,751,832			15,714,021
Less accumulated depreciation		(5,256,392	)		(2,546,486	)
Property and equipment, net	$	23,495,440		$	13,167,535

Depreciation expense for the years ended December 31, 2023 and 2022 was $2,856,380 and $875,809, respectively. Impairment of equipment for the years ended December 31, 2023 and 2022 was $197,458 and $227,185, respectively. Loss on assets for the years ended December 31, 2023 and 2022 was $9,850,850 and $0, respectively due to loss on a related-party asset purchase. As of December 31, 2023 and 2022, the Company’s lenders had advanced $0 and $1,193,380, respectively, for equipment which had not yet been delivered to the Company.