NOTE 3 – PROPERTY AND EQUIPMENT, NET

Property and equipment, net consists of the following:

Depreciation expense was approximately $24,000 and $5,000 for the three months ended September 30, 2025 and 2024, respectively, and approximately $32,000 and $14,000 for the nine months ended September 30, 2025, respectively. During the nine months ended September 30, 2025, the Company wrote off gross leasehold improvements of approximately $3,200 and related accumulated amortization of approximately $2,500, resulting in a loss of approximately $700 recorded in general and administrative expense in the condensed consolidated statements of operations and comprehensive loss. Additionally, during the three months ended September 30, 2025, the Company sold medical and office equipment for approximately $11,000, for which funds have yet to be received and is presented within other current assets on the condensed consolidated balance sheets. The gross book value of the assets sold was approximately $162,000 with approximately $49,000 of accumulated depreciation, resulting in a loss of approximately $102,000.