Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment

v3.4.0.3
Property and Equipment
 3 Months Ended
Mar. 31, 2016
Property, Plant and Equipment [Abstract]  
Property, Plant and Equipment Disclosure [Text Block]
3. Property and Equipment
 
Property and equipment at March 31, 2016 (unaudited) and December 31, 2015 consists of the following:
 
 
 
 
 
 
March 31,
 
December 31,
 
 
 
Estimated Useful Life (Years)
 
2016
 
2015
 
Laboratory equipment
 
 
7
 
$
14,661
 
$
14,661
 
Computer equipment
 
 
3
 
 
183,563
 
 
182,914
 
Computer software
 
 
3
 
 
46,038
 
 
46,038
 
Furniture, fixtures and office equipment
 
 
5
 
 
24,480
 
 
24,480
 
 
 
 
 
 
 
268,742
 
 
268,093
 
Less accumulated depreciation
 
 
 
 
 
268,177
 
 
268,093
 
 
 
 
 
 
$
565
 
$
-
 
 
Depreciation expense was $84 and $342 for the three month periods ended March 31, 2016 and 2015, respectively. Effective March 7, 2016 with the Jade Acquisition, the Company added computer equipment of $649.