Annual report pursuant to Section 13 and 15(d)

Property and Equipment, net

v3.3.1.900
Property and Equipment, net
12 Months Ended
Dec. 31, 2015
Property, Plant and Equipment [Abstract]  
Property and Equipment, net

4. Property and Equipment, net

Property and equipment, net consists of the following as of December 31, 2015 and 2014:

 

     2015      2014  

Furniture and fixtures

   $ 20,742       $ 20,742   

Laboratory equipment

     794,625         872,380   

Leasehold improvements

     487,871         487,871   

Office and computer equipment

     285,326         285,326   
  

 

 

    

 

 

 
     1,588,564         1,666,319   

Accumulated depreciation and amortization

     (1,447,913      (1,557,027
  

 

 

    

 

 

 

Property and equipment, net

   $ 140,651       $ 109,292   
  

 

 

    

 

 

 

Depreciation and amortization expense for the years ending December 31, 2015 and 2014 was $71,152 and $27,667, respectively.