Post-effective amendment to a registration statement that is not immediately effective upon filing

PROPERTY AND EQUIPMENT, NET

v3.25.2
PROPERTY AND EQUIPMENT, NET
 3 Months Ended 12 Months Ended
Mar. 31, 2025
Dec. 31, 2024
Property, Plant and Equipment [Abstract]    
PROPERTY AND EQUIPMENT, NET

Note 5. PROPERTY AND EQUIPMENT, NET

 

Property and equipment are summarized below:

 

    March 31, 2025     December 31, 2024  
             
Lab equipment   $ 679,995     $ 662,747  
Computers and software     81,433       81,433  
Leasehold improvements     19,353       19,353  
Vehicles     181,640       148,103  
Property and equipment, gross     962,421       911,636  
Less: accumulated depreciation and amortization     (580,012 )     (536,251 )
Total property and equipment, net   $ 382,409     $ 375,385  

 

Depreciation expense was $43,763 and $38,811 for the three months ended March 31, 2025 and 2024, respectively.

 

Note 5. PROPERTY AND EQUIPMENT, NET

 

Property and equipment at December 31, 2024 and 2023, are summarized below:

 

             
    December 31,  
    2024     2023  
             
Lab equipment   $ 662,747     $ 647,214  
Computers and software     81,433       68,682  
Leasehold improvements     19,353       9,941  
Vehicles     148,103       105,919  
Property and equipment, gross     911,636       831,756  
Less: accumulated depreciation and amortization     (536,251 )     (373,123 )
Total property and equipment, net   $ 375,385     $ 458,633  

 

Total property and equipment depreciation and amortization expense was $162,332 and $233,064 for the years ended December 31, 2024 and 2023, respectively.