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

9 Months Ended

12 Months Ended

Sep. 30, 2022

Dec. 31, 2021

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

		September 30,			December 31,
	Estimated Life	2022			2021

Office equipment	5 years	$	29,041		$	28,181
Computer equipment	3 years		3,157			3,157
Accumulated depreciation			(8,431	)		(3,292	)
Property and equipment, net		$	23,767		$	28,046

Depreciation expense was $1,716 and $5,139 and $432 and $1,279 for the three and nine months ended September 30, 2022 and 2021, respectively, and is classified in general and administrative expenses in the unaudited condensed consolidated Statements of Operations.

NOTE 4 – EQUIPMENT

PROPERTY AND EQUIPMENT

Equipment consisted of the following as of:

SCHEDULE OF PROPERTY AND EQUIPMENT

		December 31,			December 31,
	Estimated Life	2021			2020

Office equipment	5 years	$	28,181		$	1,787
Computer equipment	3 years		3,157			287
Accumulated depreciation			(3,292	)		(346	)
		$	28,046		$	1,728

Depreciation expense was $2,946 and $346 for the years ended December 31, 2021 and 2020, respectively, and is classified in general and administrative expenses in the Consolidated Statements of Operations.