Annual report pursuant to Section 13 and 15(d)

Equipment, Net

v3.19.3.a.u2
Equipment, Net
12 Months Ended
Dec. 31, 2019
Equipment, Net [Abstract]  
Equipment, Net

5.  Equipment, Net





 

 

 

 

 



 

December 31,

December 31,



 

2019

2018



 

 

 

 

 

Furniture and fixtures

 

$

67,650 

$

82,686 

Office and computer equipment

 

 

163,440 

 

159,489 

Laboratory equipment

 

 

 -

 

447,653 

Leasehold improvements

 

 

116,403 

 

131,762 



 

 

 

 

 

Total equipment

 

 

347,493 

 

821,590 

Less: Accumulated depreciation and amortization

 

 

(271,723)

 

(709,117)



 

 

 

 

 

Net carrying amount

 

$

75,770 

$

112,473 

During the year ended December 31, 2019, the Company sold its laboratory 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.