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Property and Equipment
9 Months Ended
Sep. 30, 2019
Property and Equipment  
Property and Equipment

 

4. Property and Equipment

 

Property and equipment, net consists of the following:

 

 

 

 

 

 

 

 

 

 

 

September 30, 

 

December 31, 

 

 

    

2019

    

2018

 

Furniture and fixtures

 

$

345,712

 

$

334,300

 

Laboratory equipment

 

 

1,402,436

 

 

1,389,036

 

Office equipment

 

 

11,085

 

 

11,085

 

Computer equipment

 

 

296,744

 

 

233,282

 

Leasehold improvements

 

 

616,132

 

 

573,165

 

Property and equipment

 

 

2,672,109

 

 

2,540,868

 

Less accumulated depreciation

 

 

(1,793,703)

 

 

(1,583,642)

 

Property and equipment, net

 

$

878,406

 

$

957,226

 

 

Depreciation expense was $70,783 and $68,477 for the three months ended September 30, 2019 and 2018, respectively, and $211,391 and $206,794 for the nine months ended September 30, 2019 and 2018, respectively.