Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment

v3.21.2
Property and Equipment
9 Months Ended
Sep. 30, 2021
Property and Equipment  
Property and Equipment

3. Property and Equipment

Property and equipment at September 30, 2021 and December 31, 2020 consists of the following:

Estimated Useful Life

September 30, 2021

    

(Years)

    

(unaudited)

    

December 31, 2020

Laboratory Equipment

 

3

$

88,400

$

82,653

Office Equipment

 

3

 

3,693

 

3,888

Office Furniture

5

72,549

14,430

Leasehold Improvements

 

2

 

22,569

 

22,569

Total Property and Equipment, Gross

 

187,211

 

123,540

Less Accumulated Depreciation

 

108,378

 

92,974

Total Property and Equipment, Net

$

78,833

$

30,566

Depreciation expense was $4,807 and $2,388 for the three months ended September 30, 2021 and 2020, respectively, and $15,510 and $5,593 for the nine months ended September 30, 2021 and 2020, respectively.