Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment

v3.21.2
Property and Equipment
6 Months Ended
Jun. 30, 2021
Property, Plant and Equipment [Abstract]  
Property and Equipment

Note 5 – Property and Equipment

 

Property and equipment consisted of the following:

 

               
    June 30, 2021   December 31, 2020
         
Computer and office equipment   $ 2,807     $ 2,807  
Lab equipment     15,606       15,606  
Furniture     48,205       43,705  
Leasehold improvements     434,529       422,318  
Machinery     627,640       623,190  
Subtotal     1,128,787       1,107,626  
Accumulated Depreciation     (203,360 )     (121,219 )
                 
Property and Equipment, net   $ 925,427     $ 986,407  

 

Depreciation and amortization expense related to property and equipment was approximately $40,000 and $13,000 (which was primarily recorded within cost of sales) for the quarters ended June 30, 2021 and 2020, respectively.