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PROPERTY AND EQUIPMENT
12 Months Ended
Dec. 31, 2015
Property, Plant and Equipment [Abstract]  
PROPERTY AND EQUIPMENT

NOTE 3 – PROPERTY AND EQUIPMENT

 

Property and equipment consists of the following:

 

                 
    December 31,  
    2015     2014  
             
Office equipment   $ 51,323     $ 51,322  
Lab equipment     722,555       544,858  
Furniture     26,028       18,782  
Leasehold improvements     231,859       136,900  
      1,031,765       751,862  
Less: Accumulated depreciation     536,703       376,635  
                 
    $ 495,062     $ 375,227  

 

Depreciation expense for the years ending December 31, 2015 and 2014 was $160,068 and $136,322.