Quarterly report [Sections 13 or 15(d)]

PROPERTY AND EQUIPMENT, NET

v3.25.2
PROPERTY AND EQUIPMENT, NET
6 Months Ended
Jun. 30, 2025
Property, Plant and Equipment [Abstract]  
PROPERTY AND EQUIPMENT, NET

Note 5. PROPERTY AND EQUIPMENT, NET

 

Property and equipment are summarized below:

 

    June 30, 2025     December 31, 2024  
             
Lab equipment   $ 679,995     $ 662,747  
Computers and software     81,433       81,433  
Leasehold improvements     32,781       19,353  
Vehicles     181,640       148,103  
Property and equipment, gross     975,849       911,636  
Accumulated depreciation     (624,481 )     (536,251 )
Total property and equipment, net   $ 351,368     $ 375,385  

 

Depreciation expense was $88,231 and $79,054 for the six months ended June 30, 2025 and 2024, respectively, and $44,468 and $40,243 for the three months ended June 30, 2025 and 2024, respectively.