Company: SXTPW
Filing Date: 2025-03-27
Form Type: 10-K
Source: 0001013762-25-003343
Chunk: 308

Company: 60 DEGREES PHARMACEUTICALS, INC.
Filing Date: 2025-03-27
Form: 10-K
Item: Item 1A
Chunk 308
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    $278,987 
  
    Finished Goods 
     157,881  
     187,182 
  
    Inventory 
    $442,764  
    $466,169 

4. PROPERTY AND EQUIPMENT

As of December 31, 2024 and 2023, Property and Equipment, net consists
of:

    December 31,  
    December 31, 

    2024  
    2023 
  
    Lab Equipment 
    $233,411  
    $132,911 
  
    Machinery 
     55,800  
     55,800 
  
    Computer Equipment 
     7,000  
     14,084 
  
    Furniture 
     3,030  
     3,030 
  
    Property and Equipment, at cost 
     299,241  
     205,825 
  
    Accumulated Depreciation 
     (149,433) 
     (148,064)
  
    Property and Equipment, Net 
    $149,808  
    $57,761 

Machinery of $55,800 has not yet been placed
into service and therefore depreciation has not commenced as of December 31, 2024. Depreciation expenses for the years ended December
31, 2024 and 2023 were in the amount of $11,726 and $21,162, respectively.

5. INTANGIBLE ASSETS

As of December 31, 2024 and 2023, Intangible
Assets, net consist of:

    December 31, 2024  
    December 31, 2023 
  
    Patents 
    $127,603  
    $185,595 
  
    Website Development Costs 
     104,622  
     79,248 
  
    Intangible Assets, at cost 
     232,225  
     264,843 
  
    Accumulated Amortization 
     (75,141) 
     (37,585)
  
    Intangible Assets, net 
    $157,084  
    $227,258 

During the years ended December 31, 2024 and
2023, the Company capitalized website development-related costs of $25,374 and $52,178, respectively, in connection with the upgrade
and enhancement of functionality of the corporate website at www.60