Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment

v3.22.2.2
Property and Equipment
6 Months Ended
Jun. 30, 2022
Property, Plant and Equipment [Abstract]  
PROPERTY AND EQUIPMENT

NOTE 5 – PROPERTY AND EQUIPMENT

 

Property and equipment consisted of the following at June 30, 2022 and December 31, 2021:

 

    As of
June 30,
    As of
December 31,
 
    2022     2021  
Computer Equipment &Office Equipment   $ 27,501     $ 27,453  
Lab Equipment     300,112       300,112  
Manufacturing Equipment     427,765       435,220  
Furniture and fixtures     14,370       14,370  
Leasehold Improvements     11,550       20,232  
Total property and equipment     781,298       797,387  
Accumulated depreciation     (479,068 )     (458,069 )
Total property and equipment, net of accumulated depreciation   $ 302,230     $ 339,318  

 

Depreciation expense was $41,725 and $17,476 for the three months ended June 30, 2022 and 2021, respectively.