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Property and Equipment
6 Months Ended
Jun. 30, 2019
Property and Equipment  
Property and Equipment

 

4. Property and Equipment

 

Property and equipment, net consists of the following:

 

 

 

 

 

 

 

 

 

 

 

June 30, 

 

December 31, 

 

 

    

2019

    

2018

 

Furniture and fixtures

 

$

340,850

 

$

334,300

 

Laboratory equipment

 

 

1,393,628

 

 

1,389,036

 

Office equipment

 

 

11,085

 

 

11,085

 

Computer equipment

 

 

294,350

 

 

233,282

 

Leasehold improvements

 

 

614,236

 

 

573,165

 

Property and equipment

 

 

2,654,149

 

 

2,540,868

 

Less accumulated depreciation

 

 

(1,724,251)

 

 

(1,583,642)

 

Property and equipment, net

 

$

929,898

 

$

957,226

 

 

Depreciation expense was $71,191 and $69,560 for the three months ended June 30, 2019 and 2018, respectively, and  $141,631 and $138,317 for the six months ended June 30, 2019 and 2018, respectively.