Quarterly report pursuant to Section 13 or 15(d)

4. Property and Equipment, net

v3.5.0.2
4. Property and Equipment, net
6 Months Ended
Jun. 30, 2016
Property, Plant and Equipment [Abstract]  
Property and Equipment, net

Property and equipment, net consists of the following:

 

    June 30,
2016
    December 31,
2015
 
Laboratory equipment   $ 264,583     $ 249,969  
Office and computer equipment     35,190       35,190  
Leasehold improvements     26,841       26,841  
Furniture and fixtures     20,263       20,263  
Property and equipment – at cost     346,877       332,263  
Less accumulated depreciation     (288,406 )     (270,242 )
Property and equipment – net   $ 58,471     $ 62,021  

 

Depreciation expense was $9,082 and $8,551 for the three months ended June 30, 2016 and 2015, respectively, and $18,164 and $38,828 for the six months ended June 30, 2016 and 2015, respectively.