| Note 3 - Property And Equipment |
Note 3 - Property and Equipment
The Company’s property and equipment consisted of the following amounts as of June 30, 2022 and December 31, 2021:
|
|
|
|
|
|
|
|
June 30, |
|
|
|
|
|
|
|
|
|
2022 |
|
|
|
|
|
|
|
Accumulated |
|
Net Carrying |
|
|
|
|
|
Cost |
|
Depreciation |
|
Value |
|
|
|
Useful Life |
|
$ |
|
$ |
|
$ |
|
Computer hardware and software |
|
3 years |
|
597,061 |
|
440,563 |
|
156,498 |
|
Laboratory equipment |
|
5 years |
|
3,291,800 |
|
1,585,319 |
|
1,706,481 |
|
Office furniture and equipment |
|
5 years |
|
321,356 |
|
216,428 |
|
104,928 |
|
Buildings |
|
30 years |
|
2,003,306 |
|
257,610 |
|
1,745,696 |
|
Building improvements |
|
5-15 years |
|
1,244,578 |
|
276,041 |
|
968,537 |
|
Land |
|
Not amortized |
|
125,589 |
|
- |
|
125,589 |
|
|
|
|
|
7,583,690 |
|
2,775,961 |
|
4,807,729 |
|
|
|
|
|
|
|
|
|
December 31, |
|
|
|
|
|
|
|
|
|
2021 |
|
|
|
|
|
|
|
Accumulated |
|
Net Carrying |
|
|
|
|
|
Cost |
|
Depreciation |
|
Value |
|
|
|
Useful Life |
|
$ |
|
$ |
|
$ |
|
Computer hardware and software |
|
3 years |
|
599,944 |
|
474,169 |
|
125,775 |
|
Laboratory equipment |
|
5 years |
|
3,032,108 |
|
1,434,347 |
|
1,597,761 |
|
Office furniture and equipment |
|
5 years |
|
293,427 |
|
213,244 |
|
80,183 |
|
Buildings |
|
30 years |
|
2,177,641 |
|
243,750 |
|
1,933,891 |
|
Building improvements |
|
5-15 years |
|
1,293,258 |
|
256,309 |
|
1,036,949 |
|
Land |
|
Not amortized |
|
136,518 |
|
- |
|
136,518 |
|
|
|
|
|
7,532,896 |
|
2,621,819 |
|
4,911,077 |
|
During the six-month periods ended June 30, 2022 and June 30, 2021, the Company recognized $407,059 and $425,187, respectively, in depreciation expense.
|