Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment, net

v3.23.2
Property and Equipment, net
 6 Months Ended
Jun. 30, 2023
Property, Plant and Equipment [Abstract]  
Property and Equipment, net

4. Property and Equipment, net

 

Property and equipment, net consists of the following as of June 30, 2023 and December 31, 2022:

 

    June 30, 2023     December 31, 2022  
Furniture and fixtures   $ 20,742     $ 20,742  
Laboratory equipment     676,744       676,744  
Leasehold improvements     487,871       487,871  
Office and computer equipment     298,944       298,944  
Property and equipment, gross     1,484,301       1,484,301  
Accumulated depreciation and amortization     (1,385,845 )     (1,363,239 )
Property and equipment, net   $ 98,456     $ 121,062  

 

Depreciation and amortization expense for the three months  ended June 30, 2023 and 2022 was $11,303 and $10,379 respectively. Depreciation and amortization expense for the six months  ended June 30, 2023 and 2022 was $22,606 and $18,847  respectively.