Property and Equipment

12 Months Ended

Dec. 31, 2021

Property, Plant and Equipment [Abstract]

PROPERTY AND EQUIPMENT

NOTE 5 – PROPERTY AND EQUIPMENT

At December 31, 2021 and 2020, property and equipment consisted of the following:

	Useful life	December 31, 2021			December 31, 2020
Laboratory equipment	5 Years	$	579,508		$	741,842
Office equipment and furniture	3 – 10 Years		34,092			39,573
			613,600			781,415
Less: accumulated depreciation			(252,053	)		(302,300	)
		$	361,547		$	479,115

For the years ended December 31, 2021 and 2020, depreciation expense of property and equipment amounted to $144,513 and $145,603, respectively, of which, $3,276 and $3,276 was included in real property operating expenses, $19,914 and $70,241 was included in other operating expenses, and $121,323 and $72,086 was included in research and development expense, respectively.