Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment

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Property and Equipment
6 Months Ended
Jun. 30, 2015
Property and Equipment [Abstract]  
Property and Equipment

Note 4 - Property and Equipment

 

Property and equipment consisted of the following at June 30, 2015 and December 31, 2014:

 

        June 30,     December 31,  
    Lives   2015     2014  
                 
Lab equipment   3 years   $ 92,802     $ 108,713  
Office equipment   3 years     59,414       58,455  
Less: accumulated depreciation         (66,057 )     (39,468 )
Property and equipment, net       $ 86,159     $ 127,700  

 

Depreciation expense for the six months ended June 30, 2015 and 2014 was $26,589 and $9,457, respectively.