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

PROPERTY AND EQUIPMENT, NET

v3.24.1
PROPERTY AND EQUIPMENT, NET
 12 Months Ended
Dec. 31, 2023
Property, Plant and Equipment [Abstract]  
PROPERTY AND EQUIPMENT, NET

Note 5. PROPERTY AND EQUIPMENT, NET

 

Property and equipment at December 31, 2023 and 2022, are summarized below:

 

 SCHEDULE OF PROPERTY AND EQUIPMENT

    2023     2022  
    December 31,  
    2023     2022  
             
Lab equipment   $ 647,214     $ 462,155  
Computers and software     68,682       21,463  
Leasehold improvements     9,941       —  
Vehicles     105,919       —  
Property and equipment, gross      831,756       483,618  
Less: accumulated depreciation and amortization     (373,123 )     (269,180 )
Total property and equipment, net   $ 458,633     $ 214,438  

 

Total Property and equipment depreciation expense was $233,064 and $10,182 for the years ended December 31, 2023, and 2022, respectively.