Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment

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Property and Equipment
3 Months Ended
Mar. 31, 2017
Property and Equipment [Abstract]  
Property and Equipment

Note 4 - Property and Equipment

 

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

 

        March 31,     December 31,  
    Lives   2017     2016  
Lab equipment   3 years   $ 116,070     $ 116,070  
Office equipment   3 years     151,246       142,933  
Less: accumulated depreciation         (191,374 )     (170,454 )
Property and equipment, net       $ 75,942     $ 88,549  

 

Depreciation expense for the three months ended March 31, 2017 and 2016 was $20,920 and $18,120, respectively.