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PROPERTY AND EQUIPMENT
 6 Months Ended
Jun. 30, 2021
Property, Plant and Equipment [Abstract]  
PROPERTY AND EQUIPMENT

NOTE 4 – PROPERTY AND EQUIPMENT

 

Property and equipment consists of the following:

 

          
   June 30,
2021		   December 31,
2020		 
         
Office equipment  $86,097   $86,097 
Lab equipment   4,518,608    3,884,807 
Furniture   33,128    33,128 
Leasehold improvements   237,043    234,366 
    4,874,876    4,238,398 
Less: Accumulated depreciation   2,738,376    2,364,849 
           
   $2,136,500   $1,873,549 

 

Depreciation expense for the six months ending June 30, 2021 and 2020 was $373,527 and $354,381. Depreciation expense for the three months ending June 30, 2021 and 2020 was $199,522 and $176,088. During the three and six months ending June 30, 2021 and 2020, the Company did not retire or sell property and equipment.