Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment

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Property and Equipment
3 Months Ended
Mar. 31, 2016
Property and Equipment [Abstract]  
Property and Equipment

Note 4 - Property and Equipment

 

Property and equipment consisted of the following at March 31, 2016 and December 31, 2015:

 

        March 31,     December 31,  
    Lives   2016     2015  
                 
Lab equipment   3 years   $ 116,070     $ 116,070  
Office equipment   3 years     110,564       82,974  
Less: accumulated depreciation         (111,052 )     (92,932 )
Property and equipment, net       $ 115,582     $ 106,112  

 

Depreciation expense for the three months ended March 31, 2016 and 2015 was $18,120 and $10,395, respectively.