Annual report pursuant to Section 13 and 15(d)

3. PROPERTY AND EQUIPMENT

v3.3.1.900
3. PROPERTY AND EQUIPMENT
12 Months Ended
Dec. 31, 2015
Property, Plant and Equipment [Abstract]  
3. PROPERTY AND EQUIPMENT
Property and equipment consist of the following at December 31,   2015     2014  
Lab and office equipment   $ 1,272,042     $ 1,236,553  
Computer software     188,277       188,277  
Leasehold improvements     2,690,320       2,699,736  
      4,150,639       4,124,566  
Less: Accumulated depreciation and amortization     (1,753,689 )     (1,283,868 )
    $ 2,396,950     $ 2,840,698  

 

The Company recorded depreciation and amortization expense of $469,821 and $247,852 for the years ended December 31, 2015 and 2014, respectively.