Annual report pursuant to Section 13 and 15(d)

Property and Equipment

v3.19.1
Property and Equipment
 12 Months Ended
Dec. 31, 2018
Property, Plant and Equipment [Abstract]  
PROPERTY AND EQUIPMENT

Note 4 - Property and Equipment

 

Property and equipment consist of the following:

 

    As of December 31,  
    2018     2017  
Lab equipment   $ 727,450     $ 309,007  
Computer and equipment     23,191       20,123  
Total property and equipment   $ 750,641     $ 329,130  
Less: accumulated depreciation     (229,901 )     (152,599 )
Total property and equipment, net   $ 520,740     $ 176,531  

 

Depreciation expense related to property and equipment for the years ended December 31, 2018 and 2017 was $78,049 and $57,234, 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.