| Property and Equipment |
Note 3 - Property and Equipment The Company’s property and equipment consisted of the following amounts as of June 30, 2026 and December 31, 2025: | | | | June 30, 2026 | | | December 31, 2025 | | | | Useful Life | | Cost $ | | | Cost $ | | Computer hardware and software | | 3 years | | | 639,667 | | | | 658,088 | | Laboratory equipment | | 5 years | | | 4,943,422 | | | | 5,042,403 | | Office furniture and equipment | | 5 years | | | 389,642 | | | | 398,679 | | Buildings | | 30 years | | | 2,185,290 | | | | 2,246,138 | | Building improvements | | 5-15 years | | | 1,882,851 | | | | 1,935,277 | | Land | | Not amortized | | | 136,998 | | | | 140,812 | | Total property and equipment | | | | | 10,177,870 | | | | 10,421,397 | | Less accumulated depreciation | | | | | 6,613,756 | | | | 6,393,548 | | Total property and equipment, net | | | | | 3,564,114 | | | | 4,027,849 | |
During the six-months period ended June 30, 2026 and June 30, 2025, the Company recognized $383,065 and $492,925, respectively, in depreciation expense.
|