v3.26.1
Property and Equipment, and Prepayment for Asset Acquisition
6 Months Ended
Jun. 30, 2026
Property and Equipment, and Prepayment for Asset Acquisition [Abstract]  
PROPERTY AND EQUIPMENT, AND PREPAYMENT FOR ASSET ACQUISITION

4. PROPERTY AND EQUIPMENT, AND PREPAYMENT FOR ASSET ACQUISITION

 

Property and Equipment

 

The Company leases a GMP manufacturing facility in Fremont, CA. Property and equipment as of June 30, 2026 and December 31, 2025 are summarized as follows:

 

   June 30,
2026
(Unaudited)
   December 31,
2025
 
Leasehold improvements  $2,105,745   $2,105,745 
Machinery and equipment   1,027,131    1,027,131 
Office equipment   6,081    6,081 
    3,138,957    3,138,957 
Less: accumulated depreciation   (3,068,365)   (3,058,438)
Property and equipment, net  $70,592   $80,519 

 

Depreciation expenses were $4,632 and $6,306 for the three months ended June 30, 2026 and 2025, respectively, and $9,927 and $12,362 for the six months ended June 30, 2026 and 2025.