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Property and Equipment
 9 Months Ended
Sep. 30, 2025
Property, Plant and Equipment [Abstract]  
Property and Equipment

(7) Property and Equipment

 

Property and Equipment consisted of the following at September 30, 2025 and December 31, 2024:

  

   September 30,   December 31, 
    2025    2024 
Lab Equipment  $4,324,884   $3,429,447 
Manufacturing Equipment   129,745    129,745 
Automobiles   7,335    7,335 
Computer Equipment and Software   163,218    146,785 
Leasehold Improvements   87,322    84,172 
Furniture and Fixtures   212,619    170,643 
Subtotal   4,925,123    3,968,127 
Less: Accumulated Depreciation   (2,012,296)   (1,714,432)
Total  $2,912,827   $2,253,695 

 

Depreciation expense for the three months ended September 30, 2025 and 2024 was $98,512 and $92,567 respectively, of which $67,892 and $71,144, respectively were included in cost of goods sold.

 

Depreciation expense for the nine months ended September 30, 2025 and 2024 was $297,864 and $276,082 respectively, of which $215,125 and $213,391, respectively were included in cost of goods sold.

 

Property and equipment purchased in the amount of $80,426 under financing leases are included in the totals above (See Note 10).

 

Lab equipment of $432,000 was purchased as part of our licensing agreement (See Note 8).