PROPERTY AND EQUIPMENT

3 Months Ended

Mar. 31, 2022

Property, Plant and Equipment [Abstract]

PROPERTY AND EQUIPMENT

4. PROPERTY AND EQUIPMENT

Property and equipment consists of the following assets which are located in Calgary, Canada and placed in service by Enveric Biosciences Canada, Inc (“EBCI”), with all amounts translated into U.S. dollars:

	March 31, 2022			December 31, 2021
Lab equipment	$	814,555		$	310,957
Computer equipment		16,660			10,818
Less: Accumulated depreciation		(54,422	)		(27,345	)
Property and equipment, net of accumulated depreciation	$	776,793		$	294,430

Depreciation expense was $27,077 and $— for the three months ended March 31, 2022 and 2021, respectively.

ENVERIC BIOSCIENCES, INC. AND SUBSIDIARIES

NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS