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

(4) Property and Equipment

 

Property and equipment, net consisted of the following at June 30, 2025 and December 31, 2024:

 

   Estimated         
   Useful Life   June 30,   December 31, 
   (in years)   2025   2024 
Equipment   2-7   $4,358,261   $4,358,261 
Furniture and fixtures   7    145,754    145,754 
Computer equipment   5    46,994    46,994 
Leasehold improvements   5    474,462    474,462 
Construction-in-process- equipment   -    381,203    375,278 
Property and equipment, gross        5,406,674    5,400,749 
Less: accumulated depreciation        (3,608,354)   (3,296,074)
Property and equipment, net       $1,798,320   $2,104,675 

 

Depreciation expense was $312,280 and $327,381, respectively, for the six-month periods ended June 30, 2025 and 2024. Depreciation expense was $146,989 and $163,781, respectively, for the three-month periods ended June 30, 2025 and 2024.