Quarterly report pursuant to Section 13 or 15(d)

5. Property and Equipment, net

5. Property and Equipment, net

3 Months Ended

Mar. 31, 2015

Property, Plant and Equipment [Abstract]

Property and equipment, net consists of the following:

	March 31, 2015			December 31, 2014
Laboratory equipment	$	254,150		$	254,150
Office and computer equipment		35,190			189,459
Leasehold improvements		26,841			92,354
Furniture and fixtures		20,263			50,150
Property and equipment – at cost		336,444			586,113
Less accumulated depreciation		(246,741	)		(466,664	)
Property and equipment – net	$	89,703		$	119,449

Depreciation expense was $22,912 and $15,989 for the three months ended March 31, 2015 and 2014, respectively.

- Definition

The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.

+ References + Details