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v3.21.2

Property and Equipment | 6 Months Ended
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Jun. 30, 2021
Property and Equipment |
Note 3 - Property and Equipment | Note 3 - Property and Equipment The Company's property and equipment consisted of the following amounts as of June 30, 2021 and December 31, 2020:
|  |  |  |  |  |  |  |  |  |  | June 30, |
|  |  |  |  |  |  |  |  |  |  | 2021 |
|  |  |  |  |  |  |  | Accumulated |  |  | Net Carrying |
|  |  |  |  | Cost |  |  | Depreciation |  |  | Value |
|  |  | Useful Life |  | $ |  |  | $ |  |  | $ |
Computer hardware and software |  |  | 3 years |  |  | 579,410 |  |  |  | 455,285 |  |  |  | 124,125 |
Laboratory equipment |  |  | 5 years |  |  | 3,026,194 |  |  |  | 1,271,580 |  |  |  | 1,754,614 |
Office furniture and equipment |  |  | 5 years |  |  | 297,841 |  |  |  | 193,087 |  |  |  | 104,754 |
Buildings |  |  | 30 years |  |  | 2,293,345 |  |  |  | 239,727 |  |  |  | 2,053,618 |
Building improvements |  |  | 5-15 years |  |  | 1,310,063 |  |  |  | 222,745 |  |  |  | 1,087,318 |
Land |  |  | Not amortized |  |  | 142,217 |  |  |  | - |  |  |  | 142,217 |
|  |  |  |  |  | 7,649,070 |  |  |  | 2,382,424 |  |  |  | 5,266,646 |
|  |  |  |  |  |  |  |  |  |  |  |  | December 31, |
|  |  |  |  |  |  |  |  |  |  |  |  | 2020 |
|  |  |  |  |  |  |  |  | Accumulated |  |  | Net Carrying |
|  |  |  |  | Cost |  |  | Depreciation |  |  | Value |
|  |  | Useful Life |  |  | $ |  |  | $ |  |  | $ |
Computer hardware and software |  |  | 3 years |  |  | 550,254 |  |  |  | 412,805 |  |  |  | 137,449 |
Laboratory equipment |  |  | 5 years |  |  | 2,586,997 |  |  |  | 1,060,153 |  |  |  | 1,526,844 |
Office furniture and equipment |  |  | 5 years |  |  | 271,656 |  |  |  | 171,247 |  |  |  | 100,409 |
Buildings |  |  | 30 years |  |  | 2,366,236 |  |  |  | 207,111 |  |  |  | 2,159,125 |
Building improvements |  |  | 5-15 years |  |  | 1,285,383 |  |  |  | 184,813 |  |  |  | 1,100,570 |
Land |  |  | Not amortized |  |  | 146,737 |  |  |  | - |  |  |  | 146,737 |
|  |  |  |  |  | 7,207,263 |  |  |  | 2,036,129 |  |  |  | 5,171,134 |
During the six-month periods ended June 30, 2021 and June 30, 2020, the Company recognized $425,187 and $316,405, respectively, in depreciation expense.

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