Annual report pursuant to Section 13 and 15(d)

Property, Equipment, and Leasehold Improvements

v3.21.1
Property, Equipment, and Leasehold Improvements
12 Months Ended
Dec. 31, 2020
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,
 
    
2020
    
2019
 
Computer equipment
   $ 19,691      $ 19,691  
Furniture
     434,697        434,697  
Lab equipment
     1,864,367        1,864,368  
Leasehold improvements
     2,006,389        2,028,013  
    
 
 
    
 
 
 
       4,325,144        4,346,769  
Less: accumulated depreciation and amortization
     (3,415,069      (3,246,821
    
 
 
    
 
 
 
     $ 910,075      $ 1,099,948  
    
 
 
    
 
 
 
Depreciation expense was $168,249, $169,159 and $151,292 for the years ended December 31, 2020, 2019 and 2018, respectively.