Quarterly report pursuant to Section 13 or 15(d)

Equipment

v3.23.2
Equipment
6 Months Ended
Jun. 30, 2023
Equipment  
Equipment

4.  Equipment

The Company’s equipment consisted of the following:

As of June 30, 

As of December 31, 

    

2023

    

2022

Unaudited

    

Unaudited

Laboratory equipment

$

2,964,069

$

3,048,579

Office equipment

259,978

 

259,978

Leasehold improvements

31,405

17,958

Total

3,255,452

 

3,326,515

Accumulated depreciation and amortization

(1,746,325)

 

(1,392,415)

Equipment, net

$

1,509,127

$

1,934,100

Depreciation expense for the three months ended June 30, 2023 and 2022 was approximately $0.2 million and $0.2 million, respectively. Depreciation expense for the six months ended June 30, 2023 and 2022 was approximately $0.4 million and $0.4 million, respectively.