Property and equipment at consist of the following at June 30, 2024 and December 31, 2023:


	June 30,			December 31,
	2024			2023
Machinery	$	6,466,411		$	4,714,626
Leasehold improvements		1,439,767			1,409,767
Software		70,000			70,000
Website		71,589			71,589
Office equipment		103,449			21,440
Construction in progress		1,886,721			1,522,465
		10,037,937			7,809,887
Less: Accumulated depreciation and amortization		(1,334,386	)		(967,602	)
Total property and equipment, net	$	8,703,551		$	6,842,285

Construction in progress consists of costs incurred to build out our manufacturing facilities in Texas, along with the construction of our freeze driers. These costs will be capitalized as Leasehold Improvements and Machinery, respectively, upon completion.

For the three months ended June 30, 2024 and 2023, respectively, depreciation of property and equipment was $199,789 and $79,198, of which and $194,850 and $70,039 was allocated to cost of goods sold, resulting in net depreciation expense of $4,939 included in operating expense. For the six months ended June 30, 2024 and 2023, respectively, depreciation of property and equipment was $366,784 and $155,416, of which and $352,307 and $70,040 was allocated to cost of goods sold, resulting in net depreciation expense of $14,477 included in operating expense.