Quarterly report [Sections 13 or 15(d)]

PROPERTY AND EQUIPMENT, NET

v3.25.3
PROPERTY AND EQUIPMENT, NET
9 Months Ended
Sep. 30, 2025
Property, Plant and Equipment [Abstract]  
PROPERTY AND EQUIPMENT, NET

Note 5. PROPERTY AND EQUIPMENT, NET

 

Property and equipment are summarized below:

 

   

September 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     175,630       148,103  
Property and equipment, gross     969,839       911,636  
Accumulated depreciation     (666,717 )     (536,251 )
Total property and equipment, net   $ 303,122     $ 375,385  

 

Depreciation expense was $132,830 and $119,526 for the nine months ended September 30, 2025 and 2024, respectively, and $44,599 and $40,472 for the three months ended September 30, 2025 and 2024, respectively.