Registration of securities issued in business combination transactions

4. Property and Equipment, net

v3.19.1
4. Property and Equipment, net
3 Months Ended 12 Months Ended
Mar. 31, 2019
Dec. 31, 2018
Property, Plant and Equipment [Abstract]    
Property and Equipment, net

5. Property and Equipment, net

 

Property and equipment, net consists of the following:

    March 31,
2019
    December 31,
2018
 
Office and computer equipment   $ 42,288     $ 42,289  
Leasehold improvements           26,841  
Furniture and fixtures     14,738       20,263  
Property and equipment – at cost     57,026       89,393  
Less accumulated depreciation     (53,528 )     (84,437 )
Property and equipment – net   $ 3,498     $ 4,956  

 

Depreciation expense was approximately $1,000 and $6,000 for the three months ended March 31, 2019 and 2018, respectively.

4. Property and Equipment, net

 

Property and equipment, net consists of the following:

 

    December 31,
2018
    December 31,
2017
 
Laboratory equipment   $     $ 264,583  
Office and computer equipment     42,289       46,634  
Leasehold improvements     26,841       26,841  
Furniture and fixtures     20,263       20,263  
Property and equipment – at cost     89,393       358,321  
Less accumulated depreciation     (84,437 )     (330,475 )
Property and equipment – net   $ 4,956     $ 27,846  

 

Depreciation expense was approximately $16,000 and $24,000 for the years ended December 31, 2018 and 2017, respectively. During the year ended December 31, 2018, the Company sold certain laboratory equipment for $22,500 resulting in an approximate $15,000 gain.