Annual report pursuant to Section 13 and 15(d)

FIXED ASSETS

v3.20.1
FIXED ASSETS
12 Months Ended
Dec. 31, 2019
FIXED ASSETS  
FIXED ASSETS

5. FIXED ASSETS

Fixed assets consisted of the following at December 31:

 

 

 

 

 

 

 

 

    

2019

    

2018

 

 

 

 

 

 

 

Office and laboratory equipment

 

$

430,591

 

$

410,634

Computer software

 

 

4,000

 

 

4,000

Leasehold improvements

 

 

309,897

 

 

309,897

Total fixed assets

 

 

744,488

 

 

724,531

Less– accumulated depreciation and amortization

 

 

(309,405)

 

 

(181,192)

Fixed assets, net

 

$

435,083

 

$

543,339

 

 

For the years ended December 31, 2019 and 2018, the Company incurred approximately $133,000 and $82,000 of depreciation and amortization expense, respectively.