Annual report pursuant to Section 13 and 15(d)

Property and Equipment

v3.19.3.a.u2
Property and Equipment
12 Months Ended
Dec. 31, 2019
Property and Equipment  
Property and Equipment

3. Property and Equipment

Property and equipment at December 31, 2019 and 2018 consists of the following:

 

 

 

 

 

 

 

 

 

 

 

    

Estimated Useful

    

 

 

    

 

 

 

 

Life

 

 

 

 

 

 

 

    

(Years)

    

2019

    

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

 

  

 

 

82,729

 

 

56,057

Total Property and Equipment, Net

 

  

 

$

16,846

 

$

43,518

 

Depreciation expense was $26,672 and $32,233 for the years ended December 31, 2019 and 2018, respectively.