|9 Months Ended|
Sep. 30, 2022
|Property, Plant and Equipment [Abstract]|
Note 4. Fixed Assets
Fixed asset, net, as of September 30, 2022 and December 31, 2021, are summarized as follows:
Schedule of Property, Plant and Equipment
Depreciation expense of fixed assets for the nine months ended September 30, 2022 and 2021 was $280,053 and $6,149, respectively.
During the nine months ended September 30, 2022, the Company recorded $63,612 in fixed asset costs relating to the estimated fair market value for options granted in 2021 for the acquired machinery. As of September 30, 2022, the Company has $100,000 in remaining payments for machinery purchased, which is included in accounts payable and accrued liabilities.
SHARPS TECHNOLOGY, INC.
NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2022 AND 2021
No definition available.
The entire disclosure for long-lived, physical asset used in normal conduct of business and not intended for resale. Includes, but is not limited to, work of art, historical treasure, and similar asset classified as collections.
Reference 1: http://www.xbrl.org/2003/role/disclosureRef