PROPERTY AND EQUIPMENT NET

6 Months Ended

Jun. 30, 2025

NOTE 5 – PROPERTY AND EQUIPMENT, NET

Property and Equipment consist of the following:

Asset Class	June 30, 2025			December 31, 2024
Building	$	805,545		$	805,545
Land		430,754			430,754
Machinery & Equipment		1,532,103			1,454,958
Furniture & Fixtures		138,184			138,184
Computer Equipment		18,979			18,979
Building & Leasehold Improvements		640,499			633,094
Vehicles		64,309			64,309
Trade Show Booths		214,457			214,457
Sub-total:	$	3,844,832		$	3,760,281

Less: Accumulated Depreciation		(1,334,390	)		(1,055,666	)
	$	2,510,442		$	2,704,615

The useful lives of the Company’s property and equipment by asset class are as follows:

Asset Class		Estimated Useful Life
Building		39 years
Land		Indefinite
Machinery & Equipment		60 months
Building Improvements		60 months
Leasehold Improvements		The shorter of the length of the lease or 60 months
Trade Show Booths		36 months
Vehicles		60 months
Computer Equipment		60 months
Furniture & Fixtures		60 months

In the Consolidated Statements of Operations, depreciation expense is consolidated with amortization expense.

After allocating depreciation of machinery and equipment and 5511 Building of $76,581 and $153,948, respectively, as overhead to finished goods, depreciation expense of $62,512 and $124,777, respectively, was recognized during the three and six months ended June 30, 2025.

In comparison, after allocating depreciation of machinery and equipment and 5511 Building of $75,417 and $152,383, respectively, as overhead to finished goods, depreciation expense of $49,435 and $98,233, respectively, was recognized during the three and six months ended June 30, 2024.

LFTD PARTNERS INC. 10-Q