Note 3 - Fixed Assets

3 Months Ended

Mar. 31, 2022

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 March 31, 2022			As of December 31, 2021
Computers, software, and office equipment	$	537,487		$	517,488
Leasehold improvements		439,001			428,596
Laboratory equipment		3,469,786			3,456,091
Manufacturing tooling		121,120			121,120
Demo equipment		31,555			56,614
Total		4,598,949			4,579,909
Less: Accumulated depreciation and amortization		(2,263,257	)		(2,068,338	)
Total Fixed Assets, Net	$	2,335,692		$	2,511,571

Depreciation expense was $220,078 and $ 238,932 during the three months ended March 31, 2022 and 2021, respectively.