PROPERTY PLANT AND EQUIPMENT

9 Months Ended

Sep. 30, 2023

PROPERTY PLANT AND EQUIPMENT

PROPERTY, PLANT AND EQUIPMENT

NOTE 6 - PROPERTY, PLANT AND EQUIPMENT

Property, plant and equipment consisted of the following: 

	As of
	September 30,			December 31,
	2023			2022
Air conditioner	$	1,124		$	1,124
Computer and software		2,516			2,516
Equipment		59,801			60,525
Furniture and fittings		100,118			87,122
Lab equipment		430,742			320,102
Land and buildings		1,506,969			1,506,969
Motor vehicle		161,148			137,914
Office equipment		33,477			38,213
Renovation		98,597			107,414
Signboard		806			704
		2,395,298			2,262,603
(Less): Accumulated depreciation		(638,363	)		(590,317	)
Add: Foreign translation differences		(260,373	)		(160,578	)
Property, plant and equipment, net	$	1,496,562		$	1,511,708

Depreciation expense for the nine months’ period ended September 30, 2023 and 2022 were $63,147 and $66,608 respectively.