Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment

v3.22.1
Property and Equipment
3 Months Ended
Mar. 31, 2022
Property, Plant and Equipment [Abstract]  
Property and Equipment

Note 4 – Property and Equipment

  

Property and equipment consisted of the following:

 

             
 

March 31,

2022

  December 31, 2021
       
Computer and office equipment $ 2,807     $ 2,807  
Lab equipment   15,606       15,606  
Furniture   43,705       43,705  
Leasehold improvements   543,118       450,374  
Machinery   657,017       627,641  
Subtotal   1,262,254       1,140,133  
Accumulated Depreciation   (329,083 )     (286,842 )
               
Property and Equipment, net $ 933,171     $ 853,290  

   

Depreciation and amortization expense related to property and equipment was approximately $42,000 and $40,000 for the three months ended March 31, 2022 and 2021, respectively.