Marpai, 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 6 – PROPERTY AND EQUIPMENT

Property and equipment consist of the following at:


	June 30, 2023			December 31, 2022
Equipment	$	90,861		$	402,675
Furniture and fixtures		761,923			1,007,699
Leasehold improvements		—			745,453

Total cost		852,784			2,155,827
Accumulated depreciation		(136,656	)		(649,745	)

Property and equipment, net	$	716,128		$	1,506,082

Depreciation expense was $268,502 and $143,205 for the six months ended June 30, 2023 and 2022, respectively. Depreciation expense was $114,425 and $72,094 for the three months ended June 30, 2023 and 2022, respectively.

NOTE 5 – PROPERTY AND EQUIPMENT

Property and equipment consist of the following at:


	December 31, 2022			December 31, 2021
Equipment	$	402,675		$	222,222
Furniture and fixtures		1,007,699			341,769
Leasehold improvements		745,453			621,527

Total cost		2,155,827			1,185,518
Accumulated depreciation		(649,745	)		(295,583	)

Property and equipment, net	$	1,506,082		$	889,935

Depreciation expense was $397,470 and $199,649 for the years ended December 31, 2022 and 2021, respectively.