| Property Plant and Equipment and Accumulated Depreciation |
Property and equipment are summarized as follows:
|
|
|
|
|
|
|
|
|
| |
|
December 31, |
|
| |
|
2014 |
|
|
2013 |
|
|
Leasehold improvements
|
|
$ |
50,791 |
|
|
$ |
57,779 |
|
|
Laboratory equipment
|
|
|
3,840,368 |
|
|
|
4,093,704 |
|
|
Office and computer equipment
|
|
|
343,835 |
|
|
|
389,368 |
|
|
|
|
|
|
|
|
|
|
|
Property and equipment at cost
|
|
|
4,234,994 |
|
|
|
4,540,852 |
|
|
|
|
|
|
|
|
|
|
|
Accumulated depreciation
|
|
|
(2,182,773 |
) |
|
|
(2,103,175 |
) |
|
|
|
|
|
|
|
|
|
|
Property and equipment, net
|
|
$ |
2,052,221 |
|
|
$ |
2,437,677 |
|
|
|
|
|
|
|
|
|
|
Accumulated depreciation for each asset group is summarized as
follows:
|
|
|
|
|
|
|
|
|
| |
|
Years ended
December 31, |
|
| |
|
2014 |
|
|
2013 |
|
|
Leasehold improvements
|
|
$ |
41,606 |
|
|
$ |
37,904 |
|
|
Laboratory equipment
|
|
|
1,886,807 |
|
|
|
1,845,098 |
|
|
Office and computer equipment
|
|
|
254,360 |
|
|
|
220,172 |
|
|
|
|
|
|
|
|
|
|
|
Total accumulated depreciation
|
|
$ |
2,182,773 |
|
|
$ |
2,103,175 |
|
|
|
|
|
|
|
|
|
|
|