Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment

v3.7.0.1
Property and Equipment
 6 Months Ended
Jun. 30, 2017
Property and Equipment [Abstract]  
Property and Equipment

Note 4 - Property and Equipment

 

Property and equipment consisted of the following at June 30, 2017 and December 31, 2016:

 

          June 30,     December 31,  
    Lives     2017     2016  
Lab equipment     3 years     $ 116,070     $ 116,070  
Office equipment     3 years       159,643       142,933  
Less: accumulated depreciation             (205,709 )     (170,454 )
Property and equipment, net           $ 70,004     $ 88,549  

 

Depreciation expense for the three months ended June 30, 2017 and 2016 was $14,335 and $19,472, respectively. Depreciation expense for the six months ended June 30, 2017 and 2016 was $35,255 and $37,592, respectively.