Quarterly report pursuant to Section 13 or 15(d)

Note 3 - Property and Equipment

v3.19.2
Note 3 - Property and Equipment
6 Months Ended
Jun. 30, 2019
Notes to Financial Statements  
Property, Plant and Equipment Disclosure [Text Block]
Note
3
 - Property and Equipment
 
Property and equipment consisted of the following:
 
   
June 30,
   
December 31,
 
   
2019
   
2018
 
                 
Computer equipment and software
  $
115,911
    $
105,704
 
Research and development equipment
   
244,480
     
244,480
 
Lab equipment
   
780,000
     
780,000
 
Leasehold improvements
   
271,124
     
242,167
 
Furniture
   
19,893
     
19,893
 
Subtotal
   
1,431,408
     
1,392,244
 
Less: accumulated depreciation
   
(450,752
)    
(378,004
)
Total property and equipment, net
  $
980,656
    $
1,014,240
 
 
Depreciation expense for the
three
months ended
June 30, 2019
and
2018
was
$43,045
and
$29,372,
respectively. Depreciation expense for the
six
months ended
June 30, 2019
 and
2018
 was
$72,748
and
$60,293,
respectively.