Quarterly report pursuant to Section 13 or 15(d)

Note 8 - Property and Equipment, Net

v3.23.2
Note 8 - Property and Equipment, Net
6 Months Ended
Jun. 30, 2023
Notes to Financial Statements  
Property, Plant and Equipment Disclosure [Text Block]

Note 8. Property and Equipment, net

 

Property and equipment, net consisted of the following:

 

   

June 30, 2023

   

December 31, 2022

 
   

(Unaudited)

   

(Audited)

 

Office furniture and fixtures

  $ 138,529     $ 128,252  

Computer equipment

    77,985       72,345  

Rental equipment

    53,560       37,531  

Appliques

    2,160,096       2,160,096  

Leasehold improvements

    47,856       47,792  

Website development

    739,089       665,030  

Property and equipment gross

    3,217,115       3,111,046  

Less: accumulated depreciation

    (2,185,109 )     (1,865,244 )

Property and equipment, net

  $ 1,032,006     $ 1,245,802  

 

Depreciation expense was approximately $0.3 million and $0.2 million for the six months ended June 30, 2023 and 2022, respectively.