Annual report pursuant to Section 13 and 15(d)

Property and Equipment

v3.24.1
Property and Equipment
12 Months Ended
Dec. 31, 2023
Property, Plant and Equipment [Abstract]  
Property and Equipment Property and Equipment
Property and equipment at December 31, 2023 and 2022 consists of the following:
Estimated Useful
Life
(Years)
2023 2022
Laboratory Equipment 3 $ 11,832  $ 88,399 
Office Equipment 3 2,521  3,409 
Office Furniture 5 —  58,119 
Leasehold Improvements 2 —  22,569 
Total Property and Equipment, Gross 14,353  172,496 
Less Accumulated Depreciation 6,289  117,319 
Total Property and Equipment, Net $ 8,065  $ 55,177 
Depreciation expense was $30 thousand and $17 thousand for the years ended December 31, 2023 and 2022, respectively.