Note 3 - Fixed Assets

6 Months Ended

Jun. 30, 2021

Notes to Financial Statements

Property, Plant and Equipment Disclosure [Text Block]

NOTE 3 – FIXED ASSETS

The Company’s fixed assets consist of the following:

	As of June 30, 2021			As of December 31, 2020
Computers, software, and office equipment	$	1,949,468		$	1,862,669
Leasehold improvements		315,297			315,297
Laboratory equipment		3,335,119			2,811,012
Manufacturing tooling		108,955			108,955
Demo equipment		56,614			56,614
Total		5,765,453			5,154,547
Less: Accumulated depreciation		(1,814,840	)		(1,331,847	)
Total Fixed Assets, Net	$	3,950,613		$	3,822,700

Depreciation expense was $482,993 and $249,049 during the six months ended June 30, 2021 and 2020, respectively and $244,062 and $118,974 during the three months ended June 30, 2021 and 2020, respectively.