Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment

v3.5.0.2
Property and Equipment
6 Months Ended
Jun. 30, 2016
Property, Plant and Equipment [Abstract]  
Property, Plant and Equipment Disclosure [Text Block]
3. Property and Equipment
 
Property and equipment at June 30, 2016 (unaudited) and December 31, 2015 consists of the following:
 
 
 
Estimated Useful
Life (Years)
 
June 30,
2016
 
December 31,
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
 
 
 
 
 
268,338
 
 
268,093
 
 
 
 
 
 
$
404
 
$
-
 
 
Depreciation expense was $245 and $684 for the six month periods ended June 30, 2016 and 2015, respectively. Effective March 7, 2016 with the Jade Acquisition, the Company added computer equipment of $649.