Property and Equipment

12 Months Ended

Dec. 30, 2024

Property and Equipment

Property And Equipment

Note 4 - Property and Equipment

The Company’s property and equipment consist of the following amounts as of December 31, 2024 and December 31, 2023:

		December 31, 2024		December 31, 2023
	Useful Life	Cost $		Cost $
Computer hardware and software	3 years		701,505		724,534
Laboratory equipment	5 years		4,600,168		4,753,253
Office furniture and equipment	5 years		359,337		378,800
Buildings	30 years		1,981,247		2,113,031
Building improvements	5-15 years		1,637,139		1,610,016
Land	Not amortized		124,206		132,468
Total property and equipment			9,403,602		9,712,102
Less accumulated depreciation			4,974,450		4,189,089
Total property and equipment, net			4,429,152		5,523,013

During the years ended December 31, 2024 and December 31, 2023, the total capital expenditure was $0.3 million and $1.1 million, respectively, the majority of which was from purchases of laboratory equipment.

During the years ended December 31, 2024 and December 31, 2023, the Company recognized $1.1 million and $1.1 million, respectively, in depreciation expense.