| Property Plant and Equipment and Accumulated Depreciation |
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 |
|
|
|
|
|
|
|
|
|
|
|