Quarterly report pursuant to Section 13 or 15(d)

Equipment and Improvements

v3.23.2
Equipment and Improvements
6 Months Ended
Jun. 30, 2023
Property, Plant and Equipment [Abstract]  
Equipment and Improvements
6.
Equipment and Improvements

 

Equipment and Improvements, net

 

 

 

June 30,

 

 

December 31,

 

 

 

2023

 

 

2022

 

Furniture and office equipment

 

$

86,930

 

 

$

72,692

 

Lab equipment

 

 

153,668

 

 

 

153,668

 

IT equipment

 

 

16,895

 

 

 

16,895

 

 

 

 

257,493

 

 

 

243,255

 

    Less: Accumulated Depreciation

 

 

170,970

 

 

 

6,723

 

Total

 

$

86,523

 

 

$

236,532

 

Depreciation expense for three and six months ended June 30, 2023 was $159,204 and $164,247, respectively and no depreciation expense for the three and six months ended June 30, 2022.