Note 6 - Property and Equipment

9 Months Ended

Sep. 30, 2024

Notes to Financial Statements

Property, Plant and Equipment Disclosure [Text Block]

NOTE 6 – PROPERTY AND EQUIPMENT

The Company’s property and equipment, net consisted of the following:

	As of September 30, 2024			As of December 31, 2023
Computers, software, and office equipment	$	459,641		$	467,716
Leasehold improvements		306,961			306,961
Laboratory equipment		1,692,231			1,696,430
Warehouse and manufacturing equipment		139,763			133,285
Demo equipment		31,554			31,554
Total		2,630,150			2,635,946
Less: Accumulated depreciation		(2,227,241	)		(2,144,732	)
Total Property and equipment, net	$	402,909		$	491,214

Depreciation expense, recorded within general and administrative expenses of continuing operations, was $33,175 and $36,083 for the three months ended September 30, 2024, and 2023, respectively, and $102,153 and $187,060 during the nine months ended September 30, 2024, and 2023, respectively.

No impairment charges related to property and equipment held and used in continuing operations were incurred during the nine months ended September 30, 2024, and 2023.