Note 3 - Property and Equipment

3 Months Ended

Mar. 31, 2023

Notes to Financial Statements

Property, Plant and Equipment Disclosure [Text Block]

NOTE 3 – PROPERTY AND EQUIPMENT

The Company’s property and equipment consist of the following:

	As of March 31, 2023			As of December 31, 2022
Computers, software, and office equipment	$	485,837		$	463,292
Leasehold improvements		669,067			535,527
Laboratory equipment		3,559,362			3,559,362
Manufacturing tooling		133,285			121,120
Demo equipment		31,555			31,554
Total		4,879,106			4,710,855
Less: Accumulated depreciation		(3,107,369	)		(2,877,600	)
Total Property and Equipment, Net	$	1,771,737		$	1,833,255

Depreciation expense, recorded within general and administrative expenses, was $231,189 and $220,078 during the three months ended March 31, 2023 and 2022, respectively.