PROPERTY AND EQUIPMENT

9 Months Ended

Sep. 30, 2021

Property, Plant and Equipment [Abstract]

PROPERTY AND EQUIPMENT

NOTE 4 – PROPERTY AND EQUIPMENT

Property and equipment consists of the following:

	September 30, 2021		December 31, 2020
Office equipment	$	90,891	$	86,097
Lab equipment		4,715,945		3,884,807
Furniture		33,128		33,128
Leasehold Improvements		245,010		234,366
		5,084,974		4,238,398
Less: Accumulated depreciation		2,941,797		2,364,849
	$	2,143,177	$	1,873,549

Depreciation expense for the nine months ending September 30, 2021 and 2020 was $576,948 and $526,796. Depreciation expense for the three months ending September 30, 2021 and 2020 was $203,421 and $172,415. During the three and nine months ending September 30, 2021 and 2020, the Company did not retire property and equipment.