Annual report pursuant to Section 13 and 15(d)

Property and Equipment

v3.23.1
Property and Equipment
 12 Months Ended
Dec. 31, 2022
Property, Plant and Equipment [Abstract]  
Property and Equipment Property and Equipment
Property and equipment at December 31, 2022 and 2021 consists of the following:
Estimated Useful
Life
(Years)		 2022 2021
Laboratory Equipment 3 $ 88,399  $ 88,399 
Office Equipment 3 3,409  3,614 
Office Furniture 5 58,119  72,549 
Leasehold Improvements 2 22,569  22,569 
Total Property and Equipment, Gross 172,496  187,131 
Less Accumulated Depreciation 117,319  113,132 
Total Property and Equipment, Net $ 55,177  $ 73,999 
Depreciation expense was $16,596 and $20,296 for the years ended December 31, 2022 and 2021, respectively.