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Property and Equipment
6 Months Ended
Jun. 30, 2018
Property and Equipment  
Property and Equipment

4. Property and Equipment

 

Property and equipment, net consists of the following:

 

 

 

 

 

 

 

 

 

 

 

June 30, 

 

December 31, 

 

 

    

2018

    

2017

 

Furniture and fixtures

 

$

326,990

 

$

314,024

 

Laboratory equipment

 

 

1,338,272

 

 

1,325,667

 

Office equipment

 

 

11,085

 

 

11,085

 

Computer equipment

 

 

207,793

 

 

192,430

 

Leasehold improvements

 

 

573,165

 

 

573,165

 

Property and equipment

 

 

2,457,305

 

 

2,416,371

 

Less accumulated depreciation

 

 

(1,446,837)

 

 

(1,309,472)

 

Property and equipment, net

 

$

1,010,468

 

$

1,106,899

 

 

Depreciation expense was $69,560 and $69,574 for the three months ended June 30, 2018 and 2017, respectively, and $138,317 and $123,916 for the six months ended June 30, 2018 and 2017, respectively.