Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment

v3.21.2
Property and Equipment
9 Months Ended
Sep. 30, 2021
Property, Plant and Equipment [Abstract]  
Property and Equipment

Note 5 – Property and Equipment

 

Property and equipment consisted of the following:

 

               
    September 30, 2021   December 31, 2020
         
Computer and office equipment   $ 2,807     $ 2,807  
Lab equipment     15,606       15,606  
Furniture     43,705       43,705  
Leasehold improvements     450,374       422,318  
Machinery     627,641       623,190  
Subtotal     1,140,133       1,107,626  
Accumulated Depreciation     (245,166 )     (121,219 )
                 
Property and Equipment, net   $ 894,967     $ 986,407  

 

Depreciation and amortization expense related to property and equipment was approximately $42,000 and $30,400 (which was primarily recorded within cost of sales) for the quarters ended September 30, 2021 and 2020, respectively. Depreciation and amortization expense related to property and equipment was approximately $125,000 and $73,000 (which was primarily recorded within cost of sales) for the nine months ended September 30, 2021 and 2020, respectively.