Pieris Pharmaceuticals, Inc. General form of registration statement for all companies including face-amount certificate companies

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

Property and Equipment, net

Property and Equipment, net

12 Months Ended

Dec. 31, 2013

Property, Plant and Equipment [Abstract]

Property and Equipment, net

4. Property and Equipment, net

Property and equipment are summarized as follows:


	December 31,
	2013			2012
Leasehold improvements	$	57,779		$	55,466
Laboratory equipment		4,093,704			3,921,030
Office and computer equipment		389,368			337,389
Property and equipment at cost		4,540,852			4,313,885

Accumulated depreciation		(2,103,175	)		(1,640,203	)

Property and equipment, net	$	2,437,677		$	2,673,682

Accumulated depreciation for each asset group is summarized as follows:


	Years ended December 31,
	2013		2012
Leasehold improvements	$	37,904	$	30,570
Laboratory equipment		1,845,098		1,454,661
Office and computer equipment		220,172		154,971

Total accumulated depreciation	$	2,103,174	$	1,640,202

Depreciation expense was $384,677 and $378,322 for the years ended December 31, 2013 and 2012, respectively. There were no other changes in accumulated depreciation other than foreign currency impact.