LEASEHOLD IMPROVEMENTS, FURNITURE, AND EQUIPMENT, NET

3 Months Ended

Mar. 31, 2023

LEASEHOLD IMPROVEMENTS, FURNITURE, AND EQUIPMENT, NET

LEASEHOLD IMPROVEMENTS, FURNITURE, AND EQUIPMENT, NET

5. LEASEHOLD IMPROVEMENTS, FURNITURE, AND EQUIPMENT, NET

Leasehold improvements, furniture, and equipment, net consisted of the following:
	March 31,			December 31,
	2023			2022
Machinery and equipment	$	7,372,559		$	7,324,600
Deposits on equipment		586,403			260,701
Leasehold improvements		423,154			397,202
Supplies		239,407			239,407
Furniture and fixtures		152,842			152,843
		8,774,365			8,374,753
Less accumulated depreciation		(1,152,900	)		(912,534	)
	$	7,621,465		$	7,462,219

Depreciation expense related to leasehold improvements, furniture, and equipment amounted to $240,366 and $78,348 for the three months ended March 31, 2023 and 2022, respectively.