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Property and Equipment
3 Months Ended
Mar. 31, 2016
Property and Equipment  
Property and Equipment

4. Property and Equipment

 

Property and equipment, net consists of the following:

 

 

 

 

 

 

 

 

 

 

 

March 31, 

 

December 31, 

 

 

    

2016

    

2015

 

Furniture and fixtures

 

$

230,987

 

$

230,987

 

Laboratory equipment

 

 

982,856

 

 

965,586

 

Office equipment

 

 

9,723

 

 

9,723

 

Computer equipment

 

 

181,053

 

 

181,053

 

Leasehold improvements

 

 

36,128

 

 

36,128

 

Property and equipment

 

 

1,440,747

 

 

1,423,477

 

Less accumulated depreciation

 

 

(949,333)

 

 

(902,099)

 

Property and equipment, net

 

$

491,414

 

$

521,378

 

Depreciation expense was $47,234 and $44,245 for the three months ended March 31, 2016 and 2015, respectively.