PROPERTY AND EQUIPMENT

3 Months Ended

Mar. 31, 2024

Property, Plant and Equipment [Abstract]

PROPERTY AND EQUIPMENT

NOTE 6 – PROPERTY AND EQUIPMENT

Property and equipment consist of the following:

	March 31, 2024		December 31, 2023
Office equipment	$	152,439	$	146,196
Lab equipment		9,534,549		8,937,847
Furniture		74,119		74,119
Leasehold improvements		396,111		396,111
Software		120,368		111,077
		10,277,586		9,665,350
Less: Accumulated depreciation		4,880,148		4,674,560
	$	5,397,438	$	4,990,790

Depreciation expense for the three months ending March 31, 2024 and 2023 was $365,563 and $255,925. During the three months ending March 31, 2024 and 2023, the Company did not sell any property and equipment. During the three months ending March 31, 2024, the Company retired property and equipment with a cost of $163,141 and accumulated depreciation of $159,975 for a loss of $3,166.