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, Plant and Equipment [Abstract]  
PROPERTY AND EQUIPMENT

Note 4 - Property and Equipment


Property and equipment consist of the following:


    As of December 31,  
    2020     2019  
Lab equipment   $ 860,433     $ 839,802  
Computer and equipment     65,665       60,384  
Total property and equipment   $ 926,098     $ 900,186  
Less: accumulated depreciation     (532,094 )     (376,509 )
Total property and equipment, net   $ 394,004     $ 523,677  

Depreciation expense related to property and equipment for the years ended December 31, 2020 and 2019 was $155,585 and $147,441, 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.