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Property And Equipment
9 Months Ended
Sep. 30, 2018
PROPERTY AND EQUIPMENT  
PROPERTY AND EQUIPMENT

6.  Property and Equipment

 

As of September 30, 2018 and December 31 2017, the Company’s property and equipment consisted of the following:

 

 

 

 

 

 

 

 

 

 

September 30,

 

December 31,

 

 

2018

    

2017

Leasehold Improvements

 

$

909,846

 

$

824,087

Machinery and Equipment

 

 

4,882,489

 

 

7,893,566

Information Technology & Office Equipment

 

 

2,459,832

 

 

2,327,524

Laboratory Equipment

 

 

614,733

 

 

631,666

Transportation

 

 

 —

 

 

242,277

 

 

 

8,866,900

 

 

11,919,120

Accumulated Depreciation

 

 

(6,199,140)

 

 

(9,370,142)

Net Property and Equipment

 

$

2,667,760

 

$

2,548,978

 

Depreciation expense for the three months ended September 30, 2018 and 2017, totaled $185,579 and $125,839. Depreciation expense for the nine months ended September 30, 2018 and 2017, totaled $466,729 and $