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, 2014
Property, Plant and Equipment [Abstract]  
3. PROPERTY AND EQUIPMENT
Property and equipment consist of the following at December 31,   2014     2013  
Lab and office equipment   $ 1,236,553     $ 674,885  
Computer software     188,277       184,077  
Leasehold improvements     2,699,736       942,353  
      4,124,566       1,801,315  
Less: Accumulated depreciation and amortization     (1,283,868 )     (1,036,016 )
    $ 2,840,698     $ 765,299  

 

The Company recorded depreciation and amortization expense of $247,852 and $210,633 for the years ended December 31, 2014 and 2013, respectively.