Annual report pursuant to Section 13 and 15(d)

Property and Equipment

Property and Equipment

12 Months Ended

Dec. 31, 2015

Note 4 – Property and Equipment

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

		December 31,			December 31,
	Lives	2015			2014

Lab equipment	3 years	$	116,070		$	108,713
Office equipment	3 years		82,974			58,455
Less: accumulated depreciation			(92,932	)		(39,468	)
Property and equipment, net		$	106,112		$	127,700

Depreciation expense for the years ended December 31, 2015, 2014 and 2013 was $53,465, $37,908 and $1,560, respectively. The Company wrote off certain undepreciated property and equipment during the year ended December 31, 2013 and recorded a loss of $4,122 on the disposition.