Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment

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Property and Equipment
 6 Months Ended
Jun. 30, 2016
Property and Equipment [Abstract]  
Property and Equipment

Note 4 - Property and Equipment

 

Property and equipment consisted of the following at June 30, 2016 and December 31, 2015:

 

        June 30,     December 31,  
    Lives   2016     2015  
Lab equipment   3 years   $ 116,070     $ 116,070  
Office equipment   3 years     124,448       82,974  
Less: accumulated depreciation         (130,524 )     (92,932 )
Property and equipment, net       $ 109,994     $ 106,112  

 

Depreciation expense for the three months ended June 30, 2016 and 2015 was $19,472 and $16,194, respectively. Depreciation expense for the six months ended June 30, 2016 and 2015 was $37,592 and $26,589, respectively.