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, 2016
Property, Plant and Equipment [Abstract]  
3. PROPERTY AND EQUIPMENT
Property and equipment consist of the following at December 31,   2016   2015
Lab and office equipment   $ 1,336,668     $ 1,272,042  
Computer software     188,277       188,277  
Leasehold improvements     2,699,104       2,690,320  
      4,224,049       4,150,639  
Less: Accumulated depreciation and amortization     (2,223,265 )     (1,753,689 )
    $ 2,000,784     $ 2,396,950  

 

The Company recorded depreciation and amortization expense of $469,576 and $469,821 for the years ended December 31, 2016 and 2015, respectively.