| Equipment, Net |
4. Equipment, Net
|
|
|
|
|
|
|
|
|
|
June 30,
|
December 31,
|
|
|
|
2020
|
2019
|
|
|
|
|
|
|
|
|
Furniture and fixtures
|
|
$
|
67,650
|
$
|
67,650
|
|
Office and computer equipment
|
|
|
163,440
|
|
163,440
|
|
Leasehold improvements
|
|
|
116,403
|
|
116,403
|
|
|
|
|
|
|
|
|
Total equipment
|
|
|
347,493
|
|
347,493
|
|
Less: Accumulated depreciation and amortization
|
|
|
(290,181)
|
|
(271,723)
|
|
|
|
|
|
|
|
|
Net carrying amount
|
|
$
|
57,312
|
$
|
75,770
|
|
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.
|