PROPERTY AND EQUIPMENT

6 Months Ended

Jun. 30, 2024

Property, Plant and Equipment [Abstract]

PROPERTY AND EQUIPMENT

NOTE 5. PROPERTY AND EQUIPMENT

Property and equipment consists of the following assets which are located in Calgary, Canada, with all amounts converted into U.S. dollars:

	June 30, 2024			December 31, 2023
Lab equipment	$	808,523		$	836,709
Computer equipment and leasehold improvements		27,422			28,379
Less: Accumulated depreciation		(430,831	)		(357,711	)
Property and equipment, net of accumulated depreciation	$	405,114		$	507,377

Depreciation expense was $42,591 and $44,331 for the three months ended June 30, 2024 and 2023, respectively and $85,812 and $88,629 for the six months ended June 30, 2024 and 2023, respectively.

ENVERIC BIOSCIENCES, INC. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS