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

 

As of December 31, 2019 and 2018, property and equipment consist of the following:

 

    December 31,  
    2019     2018  
Laboratory equipment   $ 214,838     $ 94,905  
Furniture and fixtures     93,417       93,417  
Computer equipment     50,403       26,830  
Leasehold improvements     158,092       158,092  
Software     220,384       -  
Total property and equipment     737,134       373,244  
Less: accumulated depreciation     (393,107 )     (347,091 )
Property and equipment, net   $ 344,027     $ 26,153  

 

Depreciation expense amounted to $46,017 and $10,112 for the years ended December 31, 2019 and 2018, respectively. Depreciation expense is reflected in general and administrative expenses in the accompanying statements of operations.