Company: SXTPW
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001213900-25-043779
Chunk: 23

Company: 60 DEGREES PHARMACEUTICALS, INC.
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 1
Chunk 23
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. During the three months ended March 31, 2025 and 2024, write-downs for expired inventory were
immaterial.

4. PROPERTY AND EQUIPMENT

Property and Equipment, net consists of:

    March 31, 2025  
    December 31, 
2024 
  
    Lab Equipment 
    $243,411  
     233,411 
  
    Machinery 
     55,800  
     55,800 
  
    Computer Equipment 
     7,775  
     7,000 
  
    Furniture 
     3,030  
     3,030 
  
    Property and Equipment, at cost 
     310,016  
     299,241 
  
    Accumulated Depreciation 
     (154,224) 
     (149,433)
  
    Property and Equipment, net 
    $155,792  
    $149,808 

Depreciation expense for the three months ended
March 31, 2025 and 2024 was in the amount of $6,694 and $407, respectively.

5. INTANGIBLE ASSETS

Intangible Assets, net consists of:

    March 31, 2025  
    December 31, 
2024 
  
    Patents 
    $130,407  
    $127,603 
  
    Website Development Costs 
     104,622  
     104,622 
  
    Intangible Assets, at cost 
     235,029  
     232,225 
  
    Accumulated Amortization 
     (85,244) 
     (75,141)
  
    Intangible Assets, net 
    $149,785  
    $157,084 

14

During the three months ended March 31, 2025 and
2024, the Company capitalized website development related costs of $0 and $9,088, respectively, in connection with the upgrade and enhancement
of functionality of the corporate website at www. 60degreespharma.com. Amortization expense for the three months ended March 31, 2025
and 2024, was in the amount of $10,103 and $8,207, respectively. During the three months ended March 31, 2025, there were no write-downs
for expired or obsolete patents ($8,378 for the three months ended March 31