Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment, net

v3.23.1
Property and Equipment, net
 3 Months Ended
Mar. 31, 2023
Property, Plant and Equipment [Abstract]  
Property and Equipment, net

Note 8. Property and Equipment, net

 

Property and equipment, net consisted of the following:

 

   

March 31,
2023

(Unaudited)

    

December 31,
2022

(Audited)

  
Office furniture and fixtures   $ 128,605     $ 128,252  
Computer equipment     77,243       72,345  
Rental equipment     46,099       37,531  
Appliques     2,160,096       2,160,096  
Leasehold improvements     47,824       47,792  
Website development     721,022       665,030  
Property and equipment gross     3,180,889       3,111,046  
Less: accumulated depreciation     (2,021,848 )     (1,865,244 )
Property and equipment, net   $ 1,159,041     $ 1,245,802  

 

Depreciation expense was approximately $155,000 and $93,000 for the three months ended March 31, 2023 and 2022, respectively.