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PROPERTY AND EQUIPMENT
12 Months Ended
Dec. 31, 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:

 

   December 31, 2023   December 31, 2022 
Lab equipment  $836,709   $831,123 
Computer equipment and leasehold improvements   28,379    25,137 
Less: Accumulated depreciation   (357,711)   (178,775)
Property and equipment, net of accumulated depreciation  $507,377   $677,485 

 

Depreciation expense was $175,228 and $159,160 for the years ended December 31, 2023 and 2022, respectively.