Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment

v2.4.1.9
Property and Equipment
3 Months Ended
Mar. 31, 2015
Property, Plant and Equipment [Abstract]  
Property, Plant and Equipment Disclosure [Text Block]
3. Property and Equipment
 
Property and equipment at March 31, 2015 and December 31, 2014 consists of the following:
 
 
 
 
 
 
March 31,
 
 
 
 
 
 
Estimated Useful Life
 
2015
 
December 31,
 
 
 
(Years)
 
(Unaudited)
 
2014
 
Laboratory equipment
 
 
7
 
$
14,661
 
$
14,661
 
Computer equipment
 
 
3
 
 
182,914
 
 
182,914
 
Computer software
 
 
3
 
 
46,038
 
 
46,038
 
Furniture, fixtures and office equipment
 
 
5
 
 
24,480
 
 
24,480
 
 
 
 
 
 
 
268,093
 
 
268,093
 
Less accumulated depreciation
 
 
 
 
 
267,178
 
 
266,836
 
 
 
 
 
 
$
915
 
$
1,257
 
 
Depreciation expense was $342 and $600 for the three month periods ended March 31, 2015 and 2014, respectively.