Quarterly report pursuant to Section 13 or 15(d)

4. Property and Equipment, net

v3.7.0.1
4. Property and Equipment, net
3 Months Ended
Mar. 31, 2017
Property, Plant and Equipment [Abstract]  
Property and Equipment, net

Property and equipment, net consists of the following:

 

    March 31,
2017
    December 31,
2016
 
Laboratory equipment   $ 264,583     $ 264,583  
Office and computer equipment     42,799       37,370  
Leasehold improvements     26,841       26,841  
Furniture and fixtures     20,263       20,263  
Property and equipment – at cost     354,486       349,057  
Less accumulated depreciation     (314,403 )     (306,691 )
Property and equipment – net   $ 40,083     $ 42,366  

 

Depreciation expense was $7,712 and $9,082 for the three months ended March 31, 2017 and 2016, respectively.