Annual report pursuant to Section 13 and 15(d)

Property and Equipment

v3.8.0.1
Property and Equipment
 12 Months Ended
Dec. 31, 2017
Property and Equipment [Abstract]  
PROPERTY AND EQUIPMENT

Note 4 - Property and Equipment

 

Property and equipment consist of the following:

 

    As of December 31,  
    2017     2016  
Lab equipment   $ 309,007     $ 304,499  
Computer and equipment     20,123       21,378  
Total property and equipment     329,130       325,877  
Less: accumulated depreciation     (152,599 )     (95,365 )
Total property and equipment, net   $ 176,531     $ 230,512  

 

Depreciation expense related to property and equipment for the years ended December 31, 2017 and 2016 was $57,234 and $57,978, respectively. During the year ended December 31, 2017, the Company wrote off fully depreciated assets and adjusted the carrying value of the assets and accumulated depreciation by $8,891, respectively.