Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment

v2.4.1.9
Property and Equipment
3 Months Ended
Mar. 31, 2015
Property and Equipment [Abstract]  
Property and Equipment

Note 4 - Property and Equipment

 

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

 

        March 31,     December 31,  
    Lives   2015     2014  
                 
Lab equipment   3 years   $ 92,802     $ 108,713  
Office equipment   3 years     58,455       58,455  
Less: accumulated depreciation         (49,863 )     (39,468 )
Property and equipment, net       $ 101,394     $ 127,700  

 

Depreciation expense for the three months ended March 31, 2015 and 2014 was $10,395 and $1,405, respectively.