Annual report pursuant to Section 13 and 15(d)

FIXED ASSETS

v3.22.1
FIXED ASSETS
12 Months Ended
Dec. 31, 2021
FIXED ASSETS  
FIXED ASSETS

4. FIXED ASSETS

Fixed assets consisted of the following as of December 31:

    

2021

    

2020

Office and laboratory equipment

$

575,370

$

445,758

Computer software

 

4,000

 

4,000

Leasehold improvements

 

309,897

 

309,897

Total fixed assets

 

889,267

 

759,655

Less– accumulated depreciation and amortization

 

(544,776)

 

(403,673)

Fixed assets, net

$

344,491

$

355,982

For the years ended December 31, 2021 and 2020, the Company recorded approximately $150,000 and $141,000 of depreciation and amortization expense, respectively.