Note 3 - Fixed Assets

6 Months Ended

Jun. 30, 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 June 30, 2022			As of December 31, 2021
Computers, software, and office equipment	$	540,116		$	517,488
Leasehold improvements		427,296			428,596
Laboratory equipment		3,665,970			3,456,091
Manufacturing tooling		121,120			121,120
Demo equipment		31,555			56,614
Total		4,786,057			4,579,909
Less: Accumulated depreciation and amortization		(2,485,730	)		(2,068,338	)
Total Fixed Assets, Net	$	2,300,327		$	2,511,571

Depreciation expense was $222,473 and $244,062 for the three months ended June 30, 2022 and 2021, respectively and $442,551 and $482,993 for the six months ended June 30, 2022 and 2021, respectively.