Annual report pursuant to Section 13 and 15(d)

Property and Equipment

v3.20.1
Property and Equipment
 12 Months Ended
Dec. 31, 2019
Property, Plant and Equipment [Abstract]  
PROPERTY AND EQUIPMENT

Note 4 - Property and Equipment

 

Property and equipment consist of the following:

 

    As of December 31,  
    2019     2018  
Lab equipment   $ 839,802     $ 727,450  
Computer and equipment     60,384       23,191  
Total property and equipment   $ 900,186     $ 750,641  
Less: accumulated depreciation     (376,509 )     (229,901 )
Total property and equipment, net   $ 523,677     $ 520,740  

 

Depreciation expense related to property and equipment for the years ended December 31, 2019 and 2018 was $147,441 and $78,049, respectively. During the year ended December 31, 2019, the Company wrote off fully depreciated assets and adjusted the carrying value of the assets and accumulated depreciation by $833, respectively.