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Property and Equipment
 3 Months Ended
Mar. 31, 2025
Property, Plant and Equipment [Abstract]  
Property and Equipment

Note 8 – Property and Equipment

 

Property and equipment consist of assets with an estimated useful life greater than one year and are reported net of accumulated depreciation. The reported values are periodically assessed for impairment, and were as follows:

 

   March 31, 2025   December 31, 2024 
Equipment and related  $1,737,006   $1,633,105 
Leasehold improvements   1,556,139    1,556,139 
Furniture and fixtures   395,667    226,465 
Accumulated depreciation   (1,716,872)   (1,535,000)
Net carrying value  $1,971,940   $1,880,709 

 

Depreciation expense totaled $181,872 and $205,085 for the three months ended March 31, 2025 and 2024, respectively.