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PROPERTY AND EQUIPMENT | 6 Months Ended
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Jun. 30, 2024
Property, Plant and Equipment [Abstract] |
PROPERTY AND EQUIPMENT | NOTE 6 – PROPERTY AND EQUIPMENT Property and equipment consist of the following:
Schedule of property and equipment |  |  |  |  |  |
|  | June 30, 2024 |  |  | December 31, 2023 |
Office equipment |  | $ | 154,500 |  |  | $ | 146,196 |
Lab equipment |  |  | 10,311,859 |  |  |  | 8,937,847 |
Furniture |  |  | 74,119 |  |  |  | 74,119 |
Leasehold improvements |  |  | 415,691 |  |  |  | 396,111 |
Software |  |  | 125,943 |  |  |  | 111,077 |
|  |  | 11,082,112 |  |  |  | 9,665,350 |
Less: Accumulated depreciation |  |  | 5,270,207 |  |  |  | 4,674,560 |
|  | $ | 5,811,905 |  |  | $ | 4,990,790 |
Depreciation expense for the three months ending June 30, 2024 and 2023 was $395,928 and $236,419, respectively. Depreciation expense for the six months ending June 30, 2024 and 2023 was $761,491 and $492,344, respectively. During the three months ending June 30, 2024, the Company retired fully depreciated property and equipment with the cost of $5,869. During the six months ending June 30, 2024, the Company retired property and equipment with a cost of $169,010 and accumulated depreciation of $165,844 for a loss of $3,166. During the three and six months ending June 30, 2023, the Company sold equipment for proceeds of $590 and a loss of $581.

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