Annual report pursuant to Section 13 and 15(d)

PROPERTY, PLANT & EQUIPMENT

v3.24.3
PROPERTY, PLANT & EQUIPMENT
12 Months Ended
Dec. 31, 2023
PROPERTY, PLANT & EQUIPMENT  
PROPERTY, PLANT & EQUIPMENT

4. PROPERTY, PLANT & EQUIPMENT

Property, plant & equipment consisted of the following as of December 31:

    

2023

    

2022

Office and laboratory equipment

$

1,661,316

$

797,278

Computer software

 

4,000

4,000

Leasehold improvements

 

309,897

309,897

Total fixed assets

 

1,975,213

1,111,175

Less– accumulated depreciation and amortization

 

(884,909)

(692,534)

Property, plant & equipment, net

$

1,090,304

$

418,641

For the years ended December 31, 2023 and 2022, the Company recorded approximately $192,000 and $148,000 of depreciation and amortization expense, respectively.