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

LONG – LIVED ASSETS

12 Months Ended

Dec. 31, 2024

NOTE 4 – LONG – LIVED ASSETS

Property and Equipment

Property and equipment consist of the following:

Schedule of property and equipment
	December 31, 2024			December 31, 2023
Machinery, tooling and equipment	$	145,192		$	1,015,568
Vehicles		185,482			213,528
Internal use manufactured vehicles		109,268			22,906
Fixtures & furniture		50,768			90,768
Leasehold improvements		44,663			44,663
Computers		217,341			221,571
		752,714			1,609,004
Less: Accumulated depreciation		(546,576	)		(350,397	)
Total property and equipment	$	206,138		$	1,258,607

Depreciation expense for the years ended December 31, 2024 and 2023 was $360,711 and $243,394, respectively