Quarterly report pursuant to Section 13 or 15(d)

PROPERTY AND EQUIPMENT, NET

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PROPERTY AND EQUIPMENT, NET
 9 Months Ended
Sep. 30, 2024
Property, Plant and Equipment [Abstract]  
PROPERTY AND EQUIPMENT, NET

Note 5. PROPERTY AND EQUIPMENT, NET

 

Property and equipment are summarized below:

 

    September 30, 2024     December 31, 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  
Accumulated depreciation     (493,446 )     (373,123 )
Total property and equipment, net   $ 418,190     $ 458,633  

 

Depreciation expense was $119,526 and $66,780 for the nine months ended September 30, 2024 and 2023, respectively, and $40,472 and $45,095 for the three months ended September 30, 2024 and 2023, respectively.