Annual report pursuant to Section 13 and 15(d)

5. Property and Equipment, net

v3.8.0.1
5. Property and Equipment, net
12 Months Ended
Dec. 31, 2017
Property, Plant and Equipment [Abstract]  
Property and Equipment, net

Property and equipment, net consists of the following:

 

    December 31,
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     358,321       349,057  
Less accumulated depreciation     (330,475 )     (306,691 )
Property and equipment – net   $ 27,846     $ 42,366  

 

Depreciation expense was approximately $24,000 and $36,000 for the years ended December 31, 2017 and 2016, respectively.