Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment

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Property and Equipment
9 Months Ended
Sep. 30, 2015
Property and Equipment [Abstract]  
Property and Equipment

Note 4 - Property and Equipment

 

Property and equipment consisted of the following at September 30, 2015 and December 31, 2014:

 

          September 30,     December 31,  
    Lives     2015     2014  
                   
Lab equipment     3 years     $ 92,802     $ 108,713  
Office equipment     3 years       85,399       58,455  
Less: accumulated depreciation             (82,876 )     (39,468 )
Property and equipment, net           $ 95,325     $ 127,700  

 

Depreciation expense for the nine months ended September 30, 2015 and 2014 was $43,409 and $23,783, respectively.