Annual report pursuant to Section 13 and 15(d)

FIXED ASSETS

v3.20.4
FIXED ASSETS
 12 Months Ended
Dec. 31, 2020
FIXED ASSETS  
FIXED ASSETS

4. FIXED ASSETS

Fixed assets consisted of the following at December 31:

 

 

 

 

 

 

 

 

    

2020

    

2019

 

 

 

 

 

 

 

Office and laboratory equipment

 

$

445,758

 

$

430,591

Computer software

 

 

4,000

 

 

4,000

Leasehold improvements

 

 

309,897

 

 

309,897

Total fixed assets

 

 

759,655

 

 

744,488

Less– accumulated depreciation and amortization

 

 

(403,673)

 

 

(309,405)

Fixed assets, net

 

$

355,982

 

$

435,083

 

For the years ended December 31, 2020 and 2019, the Company incurred approximately $141,000 and $133,000 of depreciation and amortization expense, respectively.