v3.26.1
Property and Equipment
 6 Months Ended
Jun. 30, 2026
Property, Plant, and Equipment [Abstract]  
Property and Equipment

(6) Property and Equipment

 

Property and Equipment as of June 30, 2026 and December 31, 2025 consisted of the following:

 

   June 30,   December 31, 
   2026   2025 
Lab equipment  $4,822,382   $4,333,676 
Manufacturing equipment   129,745    129,745 
Automobiles   7,335    7,335 
Computer equipment and software   290,326    229,656 
Leasehold improvements   87,322    87,322 
Furniture and fixtures   230,871    222,971 
Total property and equipment   5,567,981    5,010,705 
Less: accumulated depreciation   (2,359,147)   (2,125,458)
Total property and equipment, net  $3,208,834   $2,885,247 

 

Depreciation expense for the three months ended June 30, 2026 and 2025 was $121,389 and $104,525 respectively, of which $86,871 and $73,667, respectively were included in cost of goods sold.

 

Depreciation expense for the six months ended June 30, 2026 and 2025 was $233,690 and $199,352 respectively, of which $163,710 and $147,233, respectively were included in cost of goods sold.

 

 

AmpliTech Group, Inc.

Notes To Condensed Consolidated Financial Statements

For the Six Months Ended June 30, 2026 and 2025

(Unaudited)