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Property and Equipment
9 Months Ended
Sep. 30, 2016
Property and Equipment  
Property and Equipment

4. Property and Equipment

 

Property and equipment, net consists of the following:

 

 

 

 

 

 

 

 

 

 

 

September 30, 

 

December 31, 

 

 

    

2016

    

2015

 

Furniture and fixtures

 

$

230,987

 

$

230,987

 

Laboratory equipment

 

 

978,511

 

 

965,586

 

Office equipment

 

 

9,723

 

 

9,723

 

Computer equipment

 

 

186,172

 

 

181,053

 

Leasehold improvements

 

 

36,128

 

 

36,128

 

Construction in progress

 

 

271,355

 

 

 —

 

Property and equipment

 

 

1,712,876

 

 

1,423,477

 

Less accumulated depreciation

 

 

(1,036,283)

 

 

(902,099)

 

Property and equipment, net

 

$

676,593

 

$

521,378

 

Depreciation expense was $45,808 and $51,882 for the three months ended September 30, 2016 and 2015, respectively, and $139,749 and $142,417 for the nine months ended September 30, 2016 and 2015, respectively.