PROPERTY, PLANT AND EQUIPMENT

12 Months Ended

Dec. 31, 2023

Property, Plant and Equipment [Abstract]

PROPERTY, PLANT AND EQUIPMENT

NOTE 6. PROPERTY, PLANT AND EQUIPMENT

The following table summarizes property, plant and equipment as of December 31, 2023 and 2022:

	As of December 31,
	2023			2022
Furniture, fixtures, computer hardware and computer software	$	468,588		$	482,235
Leasehold improvements		15,995			87,957
Manufacturing machinery and equipment		20,661,222			21,739,504
Manufacturing machinery and equipment, in progress		32,087			280,473
Depreciable property, plant and equipment		21,177,892			22,590,169
Less: Accumulated depreciation and amortization		(20,131,008	)		(22,038,508	)
Net property, plant and equipment	$	1,046,884		$	551,661

Depreciation expense for the years ended December 31, 2023 and 2022 was $76,069 and $56,477, respectively. Fixed assets includes approximately $786,000 of manufacturing machinery and equipment that are located in Switzerland. Depreciation expense is recorded under “Depreciation and amortization expense” in the Statements of Operations.