Annual report pursuant to Section 13 and 15(d)

FIXED ASSETS

v3.10.0.1
FIXED ASSETS
 12 Months Ended
Dec. 31, 2018
Property, Plant and Equipment [Abstract]  
Property, Plant and Equipment Disclosure [Text Block]
5. FIXED ASSETS
 
Fixed assets consisted of the following at December 31:
 
 
 
2018
 
 
2017
 
 
 
 
 
 
 
 
Office and laboratory equipment
 
$
410,634
 
 
$
3,751,059
 
Computer software
 
 
4,000
 
 
 
4,000
 
Leasehold improvements
 
 
309,897
 
 
 
2,333,443
 
Total fixed assets
 
 
724,531
 
 
 
6,088,502
 
Less– accumulated depreciation and amortization
 
 
(181,192
)
 
 
(5,843,789
)
Fixed assets, net
 
$
543,339
 
 
$
244,713
 
 
For the years ended December 31, 2018 and 2017, the Company incurred approximately $82,000 and $1,546,000 of depreciation and amortization expense, respectively.