Annual report [Section 13 and 15(d), not S-K Item 405]

PROPERTY, PLANT & EQUIPMENT

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PROPERTY, PLANT & EQUIPMENT
12 Months Ended
Dec. 31, 2024
PROPERTY, PLANT & EQUIPMENT  
PROPERTY, PLANT & EQUIPMENT

4. PROPERTY, PLANT & EQUIPMENT

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

    

2024

    

2023

Office and laboratory equipment

$

1,467,000

$

1,661,000

Computer software

 

4,000

4,000

Leasehold improvements

 

310,000

310,000

Total property, plant & equipment

 

1,781,000

1,975,000

Less– accumulated depreciation and amortization

 

(1,024,000)

(885,000)

Property, plant & equipment, net

$

757,000

$

1,090,000

For the years ended December 31, 2024 and 2023, the Company recorded approximately $292,000 and $192,000 of fixed asset depreciation and amortization expense, respectively.