General form of registration statement for all companies including face-amount certificate companies

Property and Equipment, net

v2.4.1.9
Property and Equipment, net
 12 Months Ended
Dec. 31, 2014
Property, Plant and Equipment [Abstract]  
Property and Equipment, net

5. Property and Equipment, net

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   
  

 

 

    

 

 

  

Depreciation expense was $366,979 and $384,677 for the years ended December 31, 2014 and 2013, respectively. There were no other changes in accumulated depreciation other than foreign currency impact.