v3.26.1
Property and Equipment
 3 Months Ended
Mar. 31, 2026
Property, Plant, and Equipment [Abstract]  
Property and Equipment

(6) Property and Equipment

 

Property and Equipment as of March 31, 2026 and December 31, 2025 consisted of the following:

 

 

   March 31,   December 31, 
   2026   2025 
Lab equipment  $4,333,676   $4,333,676 
Manufacturing equipment   129,745    129,745 
Automobiles   7,335    7,335 
Computer equipment and software   229,656    229,656 
Leasehold improvements   87,322    87,322 
Furniture and fixtures   222,971    222,971 
Total property and equipment   5,010,705    5,010,705 
Less: accumulated depreciation   (2,237,760)   (2,125,458)
Total property and equipment, net  $2,772,945   $2,885,247 

 

Depreciation expense for the three months ended March 31, 2026 and 2025 was $112,302 and $94,827 respectively, of which $76,838 and $73,566, respectively were included in cost of goods sold.

 

 

AmpliTech Group, Inc.

Notes To Condensed Consolidated Financial Statements

For the Three Months Ended March 31, 2026 and 2025

(Unaudited)