Property and Equipment

12 Months Ended

Dec. 31, 2022

Property, Plant and Equipment [Abstract]

PROPERTY AND EQUIPMENT

Property and equipment consisted of the following at December 31, 2022 and 2021:


	December 31, 2022			December 31, 2021
Computer hardware and software	$	142,870		$	113,847
Leasehold improvements		52,887			60,535
Furniture and fixtures		111,603			145,487
Manufacturing equipment		135,330			—
Subtotal property and equipment, gross		442,690			319,869
Less accumulated depreciation		(228,112	)		(205,757	)
Property and equipment, net	$	214,578		$	114,112

Property and equipment are stated on the basis of historical cost less accumulated depreciation. Depreciation is provided using the straight-line method over the estimated useful lives of the assets. Major renewals and improvements are capitalized, while minor replacements, maintenance and repairs are charged to current operations. Impairment losses are recorded on long-lived assets used in operations when indicators of impairment are present and the undiscounted cash flows estimated to be generated by those assets are less than the assets’ carrying amount. Computer hardware and software are depreciated over an estimated useful life of 3 years, leasehold improvements are depreciated over the shorter of the estimated useful life of the asset or the duration of the current lease arrangement, furniture and fixtures are depreciated over an estimated useful life of 7 years, and manufacturing equipment is depreciated over the estimated useful life of the particular asset.