Quarterly report pursuant to Section 13 or 15(d)

Equipment and Improvements

v3.24.2.u1
Equipment and Improvements
6 Months Ended
Jun. 30, 2024
Property, Plant and Equipment [Abstract]  
Equipment and Improvements
6.
Equipment and Improvements

 

Equipment and Improvements, net

 

 

 

June 30,

 

 

December 31,

 

 

 

2024

 

 

2023

 

Furniture and office equipment

 

$

86,930

 

 

$

86,930

 

IT equipment

 

 

16,895

 

 

 

16,895

 

 

 

 

103,825

 

 

 

103,825

 

    Less: Accumulated depreciation

 

 

43,590

 

 

 

30,453

 

Total

 

$

60,235

 

 

$

73,372

 

 

Depreciation expense for the three and six months ended June 30, 2024 was $6,569 and $13,137, respectively. Depreciation expense for the three and six months ended June 30, 2023 was $159,204 and $164,247, respectively.