Sigyn Therapeutics, Inc. General form of registration statement for all companies including face-amount certificate companies

General form of registration statement for all companies including face-amount certificate companies

PROPERTY AND EQUIPMENT

PROPERTY AND EQUIPMENT

6 Months Ended

12 Months Ended

Jun. 30, 2023

Dec. 31, 2022

Property, Plant and Equipment [Abstract]

PROPERTY AND EQUIPMENT

NOTE 4 – PROPERTY AND EQUIPMENT

Property and equipment consisted of the following as of:

SCHEDULE OF PROPERTY AND EQUIPMENT

		June 30,			December 31,
	Estimated Life	2023			2022

Office equipment	5 years	$	29,041		$	29,041
Computer equipment	3 years		3,157			3,157
Accumulated depreciation			(13,576	)		(10,146	)
		$	18,622		$	22,052

Depreciation expense was $1,715 and $3,430, and $1,719 and $3,423 for the three and six months ended June 30, 2023 and 2022, respectively, and is classified in general and administrative expenses in the Consolidated Statements of Operations.

NOTE 4 – PROPERTY AND EQUIPMENT

Property and equipment consisted of the following as of:

SCHEDULE OF PROPERTY AND EQUIPMENT

	Estimated Life	December 31, 2022			December 31, 2021

Office equipment	5 years	$	29,041		$	28,181
Computer equipment	3 years		3,157			3,157
Accumulated depreciation			(10,146	)		(3,292	)
Property and equipment, net		$	22,052		$	28,046

Depreciation expense was $6,854 and $2,946 for the years ended December 31, 2022 and 2021, respectively, and is classified in general and administrative expenses in the Consolidated Statements of Operations.