PROPERTY AND EQUIPMENT

6 Months Ended

Jun. 30, 2023

Property, Plant and Equipment [Abstract]

PROPERTY AND EQUIPMENT

NOTE 5. 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:

	June 30, 2023			December 31, 2022
Lab equipment	$	834,288		$	831,123
Computer equipment and leasehold improvements		28,349			25,137
Less: Accumulated depreciation		(267,404	)		(178,775	)
Property and equipment, net of accumulated depreciation	$	595,233		$	677,485

Depreciation expense was $44,331 and $43,315 for the three months ended June 30, 2023, and 2022, respectively. Depreciation expense was $88,629 and $70,392 for the six months ended June 30, 2023 and 2022, respectively.

ENVERIC BIOSCIENCES, INC. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS