Annual report pursuant to section 13 and 15(d)

3. PROPERTY AND EQUIPMENT

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3. PROPERTY AND EQUIPMENT
12 Months Ended
Dec. 31, 2013
Property, Plant and Equipment [Abstract]  
3. PROPERTY AND EQUIPMENT
Property and equipment consist of the following at December 31,   2013     2012  
Lab and office equipment   $ 674,885     $ 523,300  
Computer software     184,077       141,277  
Leasehold improvements     942,353       940,103  
      1,801,315       1,604,680  
Less: Accumulated depreciation and amortization     (1,036,016 )     (825,383 )
    $ 765,299     $ 779,297  

 

The Company recorded depreciation and amortization expense of $210,633 and $182,089 for the years ended December 31, 2013 and 2012, respectively.  The Company recorded a loss on disposal of equipment of $18,399 for the year ended December 31, 2012.