Quarterly report pursuant to Section 13 or 15(d)

LEASEHOLD IMPROVEMENTS FURNITURE AND EQUIPMENT NET

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LEASEHOLD IMPROVEMENTS FURNITURE AND EQUIPMENT NET
6 Months Ended
Jun. 30, 2022
LEASEHOLD IMPROVEMENTS FURNITURE AND EQUIPMENT NET  
LEASEHOLD IMPROVEMENTS, FURNITURE, AND EQUIPMENT, NET

4. LEASEHOLD IMPROVEMENTS, FURNITURE, AND EQUIPMENT, NET

 

Leasehold improvements, furniture, and equipment, net consisted of the following:

 

 

 

 

 

June 30,

 

 

December 31,

 

 

 

2022

 

 

2021

 

Machinery and equipment

 

$ 7,114,980

 

 

$ 5,352,009

 

Leasehold improvements

 

 

325,171

 

 

 

154,389

 

Supplies

 

 

238,741

 

 

 

140,004

 

Furniture and fixtures

 

 

74,068

 

 

 

36,181

 

 

 

 

7,752,960

 

 

 

5,682,583

 

Less accumulated depreciation

 

 

(466,682 )

 

 

(125,619 )

 

 

$ 7,286,278

 

 

$ 5,556,964

 

 

Depreciation expense related to leasehold improvements, furniture, and equipment amounted to $262,715 and $341,063 for the three and six months ended June 30, 2022, respectively.