Quarterly report pursuant to Section 13 or 15(d)

PROPERTY AND EQUIPMENT, NET

v3.24.2.u1
PROPERTY AND EQUIPMENT, NET
6 Months Ended
Jun. 30, 2024
Property, Plant and Equipment [Abstract]  
PROPERTY AND EQUIPMENT, NET

Note 5. PROPERTY AND EQUIPMENT, NET

 

Property and equipment are summarized below:

 

    June 30, 2024     December 31, 2023  
             
Lab equipment   $ 662,747     $ 647,214  
Computers and software     81,433       68,682  
Leasehold improvements     9,941       9,941  
Vehicles     148,103       105,919  
Property and equipment, gross     902,224       831,756  
Accumulated depreciation     (452,974 )     (373,123 )
Total property and equipment, net   $ 449,250     $ 458,633  

 

Depreciation expense was $79,054 and $41,000 for the six months ended June 30, 2024 and 2023, respectively, and $40,243 and $21,000 for the three months ended June 30, 2024 and 2023, respectively.