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

 

Property and equipment consisted of the following at December 31, 2019 and 2018:

 

        December 31,     December 31,  
    Lives   2019     2018  
Lab equipment   5 years   $ 147,902     $ 176,500  
Office equipment & furniture   3 - 7 years     202,651       208,680  
Less: accumulated depreciation         (237,417 )     (266,381 )
Property and equipment, net       $ 113,136     $ 118,799  

 

Depreciation expense consisted of the following for the years ended December 31, 2019 and 2018, respectively:

 

    December 31,     December 31,  
    2019     2018  
Research & development   $ 31,732     $ 20,170  
General administrative     21,746       30,551  
Depreciation expense   $ 53,478     $ 50,721