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

NOTE 6 – PROPERTY AND EQUIPMENT

 

Property and equipment consist of the following:

         
   March 31, 2026   December 31, 2025 
         
Office equipment  $199,999   $189,694 
Lab equipment   12,551,603    12,194,071 
Furniture   78,096    66,438 
Leasehold improvements   462,532    440,855 
Software   180,377    133,377 
    13,472,607    13,024,435 
Less: Accumulated depreciation   8,277,725    7,802,183 
           
Property and equipment, net  $5,194,882   $5,222,252 

 

Depreciation expense for the three months ended March 31, 2026 and 2025 was $477,836 and $428,452, respectively. During the three months ended March 31, 2026, the Company did not retire any property and equipment. During the three months ended March 31, 2025, the Company traded in property and equipment with a cost and accumulated depreciation of $25,140 for a gain of $28,800.