Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment

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Property and Equipment
 9 Months Ended
Sep. 30, 2016
Property and Equipment [Abstract]  
Property and Equipment

Note 4 - Property and Equipment

 

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

 

          September 30,     December 31,  
    Lives     2016     2015  
Lab equipment     3 years     $ 117,325     $ 116,070  
Office equipment     3 years       124,448       82,974  
Less: accumulated depreciation             (150,602 )     (92,932 )
Property and equipment, net           $ 91,171     $ 106,112  

 

Depreciation expense for the three months ended September 30, 2016 and 2015 was $20,078 and $16,820, respectively. Depreciation expense for the nine months ended September 30, 2016 and 2015 was $57,670 and $43,409, respectively.