Annual report pursuant to Section 13 and 15(d)

Property and Equipment

v3.22.1
Property and Equipment
12 Months Ended
Dec. 31, 2021
Property and Equipment  
Property and Equipment

3. Property and Equipment

Property and equipment at December 31, 2021 and 2020 consists of the following:

    

Estimated Useful

    

    

Life

    

(Years)

    

2021

    

2020

Laboratory Equipment

 

3

$

88,399

$

82,653

Office Equipment

3

3,614

3,888

Office Furniture

 

5

 

72,549

 

14,430

Leasehold Improvements

 

2

 

22,569

 

22,569

Total Property and Equipment, Gross

 

  

 

187,131

 

123,540

Less Accumulated Depreciation

 

  

 

113,132

 

92,974

Total Property and Equipment, Net

 

  

$

73,999

$

30,566

Depreciation expense was $20,296 and $8,399 for the years ended December 31, 2021 and 2020, respectively.