Quarterly report pursuant to Section 13 or 15(d)

Equipment, Net

v3.19.3
Equipment, Net
9 Months Ended
Sep. 30, 2019
Equipment, Net [Abstract]  
Equipment, Net

5.  Equipment, Net





 

 

 

 

 



 

September 30,

December 31,



 

2019

2018



 

 

 

 

 

Furniture and fixtures

 

$

67,650 

$

82,686 

Office and computer equipment

 

 

178,872 

 

159,489 

Lab equipment

 

 

 -

 

447,653 

Leasehold improvements

 

 

116,403 

 

131,762 



 

 

 

 

 

Total equipment

 

 

362,925 

 

821,590 

Less: Accumulated depreciation and amortization

 

 

(277,623)

 

(709,117)



 

 

 

 

 

Net carrying amount

 

$

85,302 

$

112,473 

During the nine months ended September 30, 2019, the Company sold its lab equipment prior to terminating its laboratory lease. The Company recorded a loss of $9,594 on the sale, which is included in general and administrative expense in the Company’s statement of operations.