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Property and Equipment
3 Months Ended
Mar. 31, 2017
Property and Equipment  
Property and Equipment

4. Property and Equipment

 

Property and equipment, net consists of the following:

 

 

 

 

 

 

 

 

 

 

 

March 31, 

 

December 31, 

 

 

    

2017

    

2016

 

Furniture and fixtures

 

$

294,404

 

$

262,135

 

Laboratory equipment

 

 

1,136,913

 

 

1,130,180

 

Office equipment

 

 

11,084

 

 

6,610

 

Computer equipment

 

 

173,729

 

 

169,423

 

Leasehold improvements

 

 

569,285

 

 

36,128

 

Construction in progress

 

 

 —

 

 

508,417

 

Property and equipment

 

 

2,185,415

 

 

2,112,893

 

Less accumulated depreciation

 

 

(1,110,900)

 

 

(1,056,561)

 

Property and equipment, net

 

$

1,074,515

 

$

1,056,332

 

Depreciation expense was $54,339 and $47,234 for the three months ended March 31, 2017 and 2016, respectively.