General form of registration statement for all companies including face-amount certificate companies

PROPERTY AND EQUIPMENT, NET

v3.23.3
PROPERTY AND EQUIPMENT, NET
 6 Months Ended 12 Months Ended
Jun. 30, 2023
Dec. 31, 2022
Property, Plant and Equipment [Abstract]    
PROPERTY AND EQUIPMENT, NET

Note 4. PROPERTY AND EQUIPMENT, NET

 

Property and equipment are summarized below:

  

    June 30, 2023     December 31, 2022  
           
Lab equipment   $ 488,718     $ 462,155  
Computers and software     31,076       21,463  
Property and equipment, gross     519,794       483,618  
Accumulated depreciation     (312,417 )     (269,180 )
Total property and equipment, net   $ 207,377     $ 214,438  

 

Depreciation expense was approximately $41,000 and $2,000 for the six months ended and $21,000 and $1,000 for the three months ended June 30, 2023 and 2022, respectively

 

Note 4. PROPERTY AND EQUIPMENT, NET

 

Property and equipment at December 31, 2022 and 2021, are summarized below:

 SCHEDULE OF PROPERTY AND EQUIPMENT

    2022     2021  
    December 31,  
    2022     2021  
             
Lab equipment   $ 462,155     $ 242,168  
Computers and software     21,463       21,463  
Property and equipment, gross     483,618       263,631  
Less: accumulated depreciation and amortization     (269,180 )     (258,998 )
Total property and equipment, net   $ 214,438     $ 4,633  

 

Depreciation and amortization expense was $10,182 and $4,817 for the years ended December 31, 2022, and 2021, respectively.