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Note 4 - Property and Equipment
3 Months Ended
Mar. 31, 2024
Notes to Financial Statements  
Property, Plant and Equipment Disclosure [Text Block]

NOTE 5 PROPERTY AND EQUIPMENT

 

The Company’s property and equipment, net consisted of the following:

 

   

As of

March 31,

2024

   

As of

December 31,

2023

 

Computers, software, and office equipment

 

$

481,314    

$

480,882  

Leasehold improvements

    506,162       506,162  

Laboratory equipment

    3,670,097       3,670,097  

Warehouse and manufacturing equipment

    139,763       133,285  

Demo equipment

    31,554       31,554  

Total

    4,828,890       4,821,980  

Less: Accumulated depreciation

    (3,741,172

)

    (3,588,070

)

Total Property and equipment, net

 

$

1,087,718    

$

1,233,910  

 

Depreciation expense, recorded within general and administrative expenses, was $155,702 and $231,189 for the three months ended March 31, 2024, and 2023, respectively. No impairment charges related to property and equipment were incurred during the three months ended March 31, 2024, and 2023.