Equipment, Right-of-Use Asset

9 Months Ended

Sep. 30, 2024

Property, Plant and Equipment [Abstract]

Equipment, Right-of-Use Asset

4. Equipment, Right-of-Use Asset

Equipment consists of the following:

	September 30,			December 31,
	2024			2023
Equipment	$	2,134,857		$	1,460,375
Less accumulated depreciation		(662,088	)		(513,714	)
Equipment, net	$	1,472,769		$	946,661

The total depreciation expense relating to equipment during the three and nine months ended September 30, 2024, was $51,416 and $148,373, respectively. Compared to the three and nine months ended September 30, 2023, was $30,344 and $106,769, respectively.

Right-of-use asset consists of the following:

	September 30,			December 31,
	2024			2023
Right-of-use asset		698,860			670,808
Less accumulated depreciation		(178,834	)		(45,786	)
Right-of-use asset, net	$	520,026		$	625,022

The total depreciation expense during the three and nine months ended September 30, 2024, was $44,349 and $133,048, respectively. Compared to the three and nine months ended September 30, 2023, was $6,887 and $19,656 respectively.