Property and Equipment

12 Months Ended

Dec. 31, 2022

Property, Plant and Equipment [Abstract]

Property and Equipment

Note 7 – Property and Equipment

	December 31,		December 31,
Classification	2022		2021
Hardware & Equipment	$	1,026,829	$	59,717
Software		18,889		0
Total cost of property and equipment		1,045,718		59,717
Accumulated depreciation		70,549		18,369
Property and equipment, net	$	975,169	$	41,348

The Company acquired $986,002 of Property and Equipment during the twelve months ended December 31, 2022. Of the total amount acquired, $116,315 was acquired through the merger with QPhoton. It is the Company’s policy to capitalize purchases of property and equipment with a cost of $2,500 or more that benefit future periods. The Company depreciates computer and laboratory equipment over a period of five years and software over a period of three years. Maintenance and repairs are charged to operations when incurred. When property and equipment are sold or otherwise disposed, the asset account and related accumulated depreciation and amortization accounts are relieved, and any gain or loss is included in other income or expense.