Quarterly report pursuant to Section 13 or 15(d)

4. Property and Equipment, net

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4. Property and Equipment, net
 9 Months Ended
Sep. 30, 2017
Property, Plant and Equipment [Abstract]  
Property and Equipment, net

Property and equipment, net consists of the following:

 

    September 30,
2017		     December 31,
2016		  
Laboratory equipment   $ 264,583     $ 264,583  
Office and computer equipment     46,634       37,370  
Leasehold improvements     26,841       26,841  
Furniture and fixtures     20,263       20,263  
Property and equipment – at cost     358,321       349,057  
Less accumulated depreciation     (326,028 )     (306,691 )
Property and equipment – net   $ 32,293     $ 42,366  

 

Depreciation expense was approximately $5,000 and $9,000 for the three months ended September 30, 2017 and 2016, respectively, and approximately $19,000 and $27,000 for the nine months ended September 30, 2017 and 2016, respectively.