Annual report pursuant to Section 13 and 15(d)

Property, Equipment, and Leasehold Improvements

v3.20.1
Property, Equipment, and Leasehold Improvements
12 Months Ended
Dec. 31, 2019
Property, Plant and Equipment [Abstract]  
Property, Equipment, and Leasehold Improvements
5. Property, Equipment, and Leasehold Improvements
Property, equipment, and leasehold improvements, at cost, consisted of:
 
    
December 31,
 
    
2019
    
2018
 
Computer equipment
   $ 19,691      $ 19,691  
Furniture
     434,697        434,697  
Lab equipment
     1,864,368        1,844,369  
Leasehold improvements
     2,028,013        1,855,004  
  
 
 
    
 
 
 
     4,346,769        4,153,761  
Less: accumulated depreciation and amortization
     (3,246,821      (3,077,662
  
 
 
    
 
 
 
   $ 1,099,948      $ 1,076,099  
  
 
 
    
 
 
 
Depreciation expense was $169,159, $151,292 and $187,249 for the years ended December 31, 2019, 2018 and 2017, respectively.