Annual report pursuant to Section 13 and 15(d)

Equipment and Improvements

v3.24.1
Equipment and Improvements
12 Months Ended
Dec. 31, 2023
Property, Plant and Equipment [Abstract]  
Equipment and Improvements

6. Equipment and Improvements

 

Equipment and Improvements, net

 

 

Year ended December 31,

 

 

2023

 

 

2022

 

Furniture and office equipment

$

86,930

 

 

$

72,692

 

Lab equipment

 

 

 

 

153,668

 

IT equipment

 

16,895

 

 

 

16,895

 

 

 

103,825

 

 

 

243,255

 

    Less: accumulated depreciation

 

30,453

 

 

 

6,723

 

Total

$

73,372

 

 

$

236,532

 

Depreciation expense for the year ended December 31, 2023 was $177,398. Depreciation expense for the year ended December 31, 2022 was $6,723.