Property And Equipment

12 Months Ended

Dec. 31, 2019

Property, Plant and Equipment [Abstract]

Property and Equipment

Property and Equipment

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

	2019			2018
Leasehold Improvements	$	1,162,328		$	929,849
Machinery and Equipment	4,672,724			4,800,774
Information Technology & Office Equipment	1,810,246			2,459,832
Laboratory Equipment	653,075			668,977
Transportation Equipment	—			—
	8,298,373			8,859,432
Accumulated Depreciation	(5,864,968		)	(6,221,139		)
Net Property and Equipment	$	2,433,405		$	2,638,293

Depreciation expense during the years ended December 31, 2019 and 2018 is as follows:

	2019		2018
Depreciation expense	$	787,822	$	649,789