v3.25.1
Property and Equipment
 3 Months Ended
Mar. 31, 2025
Property, Plant and Equipment [Abstract]  
Property and Equipment

(8) Property and Equipment

 

Property and Equipment consisted of the following at March 31, 2025 and December 31, 2024:

 

   March 31,   December 31, 
   2025   2024 
         
Lab Equipment  $3,775,284   $3,429,447 
Manufacturing Equipment   129,745    129,745 
Automobiles   7,335    7,335 
Computer Equipment and Software   155,534    146,785 
Leasehold Improvements   87,322    84,172 
Furniture and Fixtures   173,952    170,643 
           
Subtotal   4,329,172    3,968,127 
Less: Accumulated Depreciation   (1,809,259)   (1,714,432)
           
Total  $2,519,913   $2,253,695 

 

Depreciation expense for the three months ended March 31, 2025 and 2024 was $94,827 and $91,658 respectively, of which $73,566 and $71,124, respectively were included in cost of goods sold.

 

Property and equipment purchased in the amount of $234,036 under financing leases are included in the totals above. (See Note 11).