Property and Equipment

6 Months Ended

Jun. 30, 2025

Property and Equipment [Abstract]

PROPERTY AND EQUIPMENT

7. PROPERTY AND EQUIPMENT

Property and equipment and the changes in property, equipment and accumulated depreciation for the six months ended June 30, 2025 are provided as follows:

	Laboratory equipment		Office equipment			Total
Cost
Balance at December 31, 2024	$	1,389,232	$	438,418		$	1,827,650
Additions		1,123		-			1,123
Disposal/reclasses/Sale		-		(22,782	)		(22,782	)
Effects of currency translation		174,789		53,453			228,242
Balance at June 30, 2025		1,565,144		469,089			2,034,233
Accumulated depreciation
Balance at December 31, 2024	$	311,183	$	151,323		$	462,506
Depreciation		72,058		67,215			139,273
Disposal/reclasses/Sale		-		(22,782	)		(22,782	)
Effects of currency translation		44,382		22,310			66,692
Balance at June 30, 2025		427,623		218,066			645,689
Net book value at December 31, 2024	$	1,078,049	$	287,095		$	1,365,144
Net book value at June, 2025	$	1,137,521	$	251,023		$	1,388,544

For the six months ended June 30, 2025 and 2024, the Company recorded depreciation expense of $139,273 and $104,024, and loss on disposal of property and equipment including in depreciation and amortization expense of $0 and $43,496, respectively.

As of June 30, 2025 and December 31, 2024, management assessed that there were no events or changes in circumstances that would require impairment testing of its fixed assets.