Quarterly report pursuant to Section 13 or 15(d)

Equipment

v3.23.1
Equipment
3 Months Ended
Mar. 31, 2023
Equipment  
Equipment

4.  Equipment

The Company’s equipment consisted of the following:

As of March 31, 

As of December 31, 

    

2023

    

2022

Unaudited

    

Unaudited

Laboratory equipment

$

2,964,067

$

3,048,579

Office equipment

259,978

 

259,978

Leasehold improvements

31,405

17,958

Total

3,255,450

 

3,326,515

Accumulated depreciation and amortization

(1,557,456)

 

(1,392,415)

Equipment, net

$

1,697,994

$

1,934,100

Depreciation expense for the three months ended March 31, 2023 and 2022 was approximately $0.2 million and $0.2 million, respectively.