Annual report pursuant to Section 13 and 15(d)

Property and Equipment

v3.21.1
Property and Equipment
 12 Months Ended
Dec. 31, 2020
Property and Equipment  
Property and Equipment

3. Property and Equipment

Property and equipment at December 31, 2020 and 2019 consists of the following:

 

 

 

 

 

 

 

 

 

 

 

    

Estimated Useful

    

 

 

    

 

 

 

 

Life

 

 

 

 

 

 

 

    

(Years)

    

2020

    

2019

Laboratory Equipment

 

3

 

$

82,653

 

$

62,576

Office Equipment

 

3

 

 

3,888

 

 

 —

Office Furniture

 

5

 

 

14,430

 

 

14,430

Leasehold Improvements

 

2

 

 

22,569

 

 

22,569

Total Property and Equipment, Gross

 

  

 

 

123,540

 

 

99,575

Less Accumulated Depreciation

 

  

 

 

92,974

 

 

82,729

Total Property and Equipment, Net

 

  

 

$

30,566

 

$

16,846

 

Depreciation expense was $8,399 and $26,672 for the years ended December 31, 2020 and 2019, respectively.