v3.25.2
PROPERTY, PLANT AND EQUIPMENT
 6 Months Ended
Jun. 30, 2025
Property, Plant and Equipment [Abstract]  
PROPERTY, PLANT AND EQUIPMENT

NOTE 6. PROPERTY, PLANT AND EQUIPMENT

The following table summarizes property, plant and equipment as of June 30, 2025 and December 31, 2024:

 

 

 

As of
June 30,

 

 

As of
December 31,

 

 

 

2025

 

 

2024

 

Furniture, fixtures, computer hardware and
   computer software

 

$

468,588

 

 

$

468,588

 

Leasehold improvements

 

 

15,994

 

 

 

15,994

 

Manufacturing machinery and equipment

 

 

18,586,459

 

 

 

19,122,828

 

Manufacturing machinery and equipment,
   in progress

 

 

32,087

 

 

 

72,508

 

Depreciable property, plant and equipment

 

 

19,103,128

 

 

 

19,679,918

 

Less: Accumulated depreciation and amortization

 

 

(18,901,124

)

 

 

(19,446,262

)

Net property, plant and equipment

 

$

202,004

 

 

$

233,656

 

 

Depreciation expense for the three months ended June 30, 2025 and 2024 was $17,442 and $17,045, respectively. Depreciation expense for the six months ended June 30, 2025 and 2024 was $34,167 and $34,091, respectively. Depreciation expense is recorded under “Depreciation and amortization expense” in the unaudited Condensed Statements of Operations.