Annual report pursuant to Section 13 and 15(d)

Property and Equipment, net

v3.7.0.1
Property and Equipment, net
 12 Months Ended
Dec. 31, 2016
Property, Plant and Equipment [Abstract]  
Property and Equipment, net

5. Property and Equipment, net

Property and equipment are summarized as follows:

 

         Years Ended December 31,      
         2016              2015      

Laboratory equipment

    $ 3,869,154      $ 3,701,517  

Office and computer equipment

      499,233        443,562  

Leasehold improvements

      320,750        304,363  
  

 

 

     

 

 

  

Property and equipment at cost

      4,689,137        4,449,442  

Accumulated depreciation

      (2,424,660 )       (2,286,671 ) 
  

 

 

     

 

 

  

Property and equipment, net

    $ 2,264,477      $ 2,162,771  
  

 

 

     

 

 

  

Depreciation expense was $0.4 million and $0.3 million for the years ended December 31, 2016 and 2015, respectively. There were no other changes in accumulated depreciation other than foreign currency impact. 86% of the Company’s property and equipment are located in Germany and the remaining 14% are located in the United States.