Property and Equipment

3 Months Ended

Mar. 31, 2015

Property, Plant and Equipment [Abstract]

4. Property and Equipment

Property and equipment consists of the following:


	March 31, 2015			December 31, 2014
Furniture and fixtures	$	122,653		$	122,653
Laboratory equipment		992,232			992,232
Office equipment		10,467			10,467
Computer equipment		192,894			190,554
Leasehold improvements		51,843			41,843

		1,370,089			1,357,749
Less accumulated depreciation		(949,724	)		(905,479	)

	$	420,365		$	452,270

Depreciation of property and equipment totaled $44,245 and $34,620 for the three months ended March 31, 2015 and 2014, respectively.

- Definition

The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.

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