Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment

v3.10.0.1
Property and Equipment
6 Months Ended
Jun. 30, 2018
Property, Plant and Equipment [Abstract]  
Property, Plant and Equipment Disclosure [Text Block]
3.
Property and Equipment
 
Property and equipment at June 30, 2018 (unaudited) and December 31, 2017 consists of the following:
 
 
 
Estimated
Useful Life
(Years)
 
June 30,
2018
 
 
December 31,
2017
 
Laboratory Equipment
 
3
 
$
42,576
 
 
$
42,576
 
Office Furniture
 
5
 
 
14,430
 
 
 
14,430
 
Leasehold Improvements
 
2
 
 
22,569
 
 
 
22,569
 
Total Property and Equipment, Gross
 
 
 
 
79,575
 
 
 
79,575
 
Less: Accumulated Depreciation
 
 
 
 
39,756
 
 
 
23,824
 
Total Property and Equipment, Net
 
 
 
$
39,819
 
 
$
55,751
 
 
Depreciation expense was $7,966 and $4,536 for the three-month periods ended June 30, 2018 and 2017, respectively, and $15,932 and $9,072 for the six-month periods ended June 30, 2018 and 2017, respectively.