XML 72 R14.htm IDEA: XBRL DOCUMENT v3.19.3
Property And Equipment
 9 Months Ended
Sep. 30, 2019
Property and Equipment  
Property and Equipment

7.  Property and Equipment

 

As of September 30, 2019 and December 31 2018, the Company’s property and equipment consisted of the following:

 

 

 

 

 

 

 

 

 

 

September 30, 

 

December 31, 

 

    

2019

    

2018

Leasehold Improvements

 

$

1,114,503

 

$

929,849

Machinery and Equipment

 

 

4,719,132

 

 

4,800,774

Information Technology & Office Equipment

 

 

1,810,246

 

 

2,459,832

Laboratory Equipment

 

 

653,075

 

 

668,977

 

 

 

8,296,956

 

 

8,859,432

Accumulated Depreciation

 

 

(5,790,863)

 

 

(6,221,139)

Net Property and Equipment

 

$

2,506,093

 

$

2,638,293

 

Depreciation expense for the three months ended September 30, 2019 and 2018, totaled $0.2 million and $0.2 million, respectively. Depreciation expense for the nine months ended September 30, 2019 and 2018, totaled $0.58 million and $0.47 million, respectively.