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Property and Equipment
6 Months Ended
Jun. 30, 2017
Property and Equipment  
Property and Equipment

4. Property and Equipment

 

Property and equipment, net consists of the following:

 

 

 

 

 

 

 

 

 

 

 

June 30, 

 

December 31, 

 

 

    

2017

    

2016

 

Furniture and fixtures

 

$

314,024

 

$

262,135

 

Laboratory equipment

 

 

1,268,847

 

 

1,130,180

 

Office equipment

 

 

11,084

 

 

6,610

 

Computer equipment

 

 

176,826

 

 

169,423

 

Leasehold improvements

 

 

569,285

 

 

36,128

 

Construction in progress

 

 

 —

 

 

508,417

 

Property and equipment

 

 

2,340,066

 

 

2,112,893

 

Less accumulated depreciation

 

 

(1,180,477)

 

 

(1,056,561)

 

Property and equipment, net

 

$

1,159,589

 

$

1,056,332

 

 

Depreciation expense was $69,574 and $46,707 for the three months ended June 30, 2017 and 2016, respectively, and $123,916 and $93,941 for the six months ended June 30, 2017 and 2016, respectively.