Note 5 - Property and Equipment, Net

9 Months Ended

Sep. 30, 2025

Notes to Financial Statements

Property, Plant and Equipment Disclosure [Text Block]

NOTE 5 – PROPERTY AND EQUIPMENT, NET

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

	As of September 30, 2025			As of December 31, 2024
Computers, software, and office equipment	$	170,350		$	170,350
Leasehold improvements		166,847			306,961
Laboratory equipment		1,692,230			1,692,230
Total		2,029,427			2,169,541
Less: Accumulated depreciation		(1,776,240	)		(1,821,953	)
Total Property and equipment, net	$	253,187		$	347,588

Depreciation expense, recorded within general and administrative expenses of continuing operations, was $31,467 and $31,203 for the three months ended September 30, 2025 and 2024, respectively, and $94,401 and $95,887 during the nine months ended September 30, 2025 and 2024, respectively.

No impairment charges related to property and equipment held and used in continuing operations were incurred during the nine months ended September 30, 2025 and 2024.