Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment

v3.21.2
Property and Equipment
6 Months Ended
Jun. 30, 2021
Property and Equipment  
Property and Equipment

3. Property and Equipment

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

Estimated Useful Life

June 30, 2021

    

(Years)

    

(unaudited)

    

December 31, 2020

Laboratory Equipment

 

3

$

88,399

$

82,653

Office Equipment

 

3

 

3,785

 

3,888

Office Furniture

5

72,549

14,430

Leasehold Improvements

 

2

 

22,569

 

22,569

Total Property and Equipment, Gross

 

187,302

 

123,540

Less Accumulated Depreciation

 

103,620

 

92,974

Total Property and Equipment, Net

$

83,682

$

30,566

Depreciation expense was $6,354 and $2,388 for the three months ended June 30, 2021 and 2020, respectively, and $10,703 and $3,205 for the six months ended June 30, 2021 and 2020, respectively.