Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment

v3.19.1
Property and Equipment
3 Months Ended
Mar. 31, 2019
Property, Plant and Equipment [Abstract]  
Property, Plant and Equipment Disclosure [Text Block]
3.
Property and Equipment
 
Property and equipment at March 31, 2019 and December 31, 2018 consists of the following:
 
 
 
Estimated

Useful Life

(Years)
 
 
March 31,

2019

(unaudited)
 
 
December 31,

2018
 
Laboratory Equipment
 
3
 
 
$
62,576
 
 
$
62,576
 
Office Furniture
 
5
 
 
 
14,430
 
 
 
14,430
 
Leasehold Improvements
 
2
 
 
 
22,569
 
 
 
22,569
 
Total Property and Equipment, Gross
 
 
 
 
 
 
99,575
 
 
 
99,575
 
Less: Accumulated Depreciation
 
 
 
 
 
 
62,725
 
 
 
56,057
 
Total Property and Equipment, Net
 
 
 
 
 
$
36,850
 
 
$
43,518
 
 
Depreciation expense was $6,668 and $7,966 for the three-month periods ended March 31, 2019 and 2018, respectively.