Annual report pursuant to Section 13 and 15(d)

Property and Equipment

v3.19.3.a.u2
Property and Equipment
12 Months Ended
Dec. 31, 2019
Property, Plant and Equipment [Abstract]  
Property and Equipment Property and Equipment
Property and equipment consisted of the following:
December 31,
2019
December 31,
2018
Computer equipment and software $ 126,643    $ 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 1,442,140    1,392,244   
Less: accumulated depreciation (594,741)   (378,004)  
Total property and equipment $ 847,399    $ 1,014,240   
As of December 31, 2019, the Company had $689,000 of lab equipment in the field at clinical trial sites and held by a vendor for final testing. Depreciation of this equipment started when it was placed in service in June 2019.
Depreciation expense for the years ended December 31, 2019 and 2018 was $216,737 and $120,488, respectively.