v3.25.2
Property and Equipment
 3 Months Ended 12 Months Ended
Mar. 31, 2025
Dec. 31, 2024
Property and Equipment [Abstract]    
PROPERTY AND EQUIPMENT

NOTE 5 – PROPERTY AND EQUIPMENT

 

Property and equipment, net, consisted of the following as of March 31, 2025 and December 31, 2024:

 

   March 31,   December 31, 
   2025   2024 
   (Successor)   (Successor) 
Laboratory equipment  $2,507,839   $2,507,839 
Computers   38,323    38,323 
Furniture   8,429    8,429 
Total cost   2,554,591    2,554,591 
Less: accumulated depreciation   (2,102,364)   (2,026,070)
Property and equipment, net  $452,227   $528,521 

 

Depreciation expense for the three months ended March 31, 2025 was $76,294 and for period from February 14, 2024 through March 31, 2024 for Successor was $76,287. Predecessor depreciation expense for the period January 1, 2024 through February 13, 2024 was $37,356.

NOTE 5 – PROPERTY AND EQUIPMENT

 

Property and equipment, net, consisted of the following as of December 31, 2024 and 2023:

 

   December 31,   December 31, 
   2024   2023 
   (Successor)   (Predecessor) 
Laboratory equipment  $2,507,839   $2,507,839 
Computers   38,323    38,323 
Furniture   8,429    8,429 
Total cost   2,554,591    2,554,591 
Less: accumulated depreciation   (2,026,070)   (1,587,889)
Property and equipment, net  $528,521   $966,702 

 

Depreciation expense for the period from February 14, 2024 through December 31, 2024 for Successor was $400,825. Predecessor depreciation expense for the period January 1, 2024 through February 13, 2024 and for the year ended December 31, 2023 was $37,356 and $460,722, respectively.