Property and Equipment

6 Months Ended

Jun. 30, 2016

Property Plant And Equipment [Abstract]

Property and Equipment

Note 6. Property and Equipment

Property and equipment, net, consists of the following:

	June 30,			December 31,
	2016			2015
Office equipment	$	479,155		$	257,296
Leasehold improvements		1,253,048			224,061
Laboratory and manufacturing equipment		3,415,382			2,442,191
Field equipment		187,855			180,355
Software		140,248			140,248
Construction in progress		698,531			175,501
		6,174,219			3,419,652
Less: accumulated depreciation and amortization		(2,216,267	)		(1,487,439	)
	$	3,957,952		$	1,932,213

Depreciation and leasehold improvement amortization expense was $371,805 and $728,828 for the three and six months ended June 30, 2016, respectively, and $147,916 and $299,409 for the three and six months ended June 30, 2015, respectively.  

At June 30, 2016, the total cost and accumulated amortization of assets under lease commitments were $355,801 and $155,022, respectively, while cost and accumulated depreciation at December 31, 2015 were $146,213 and $88,220, respectively. Leased asset amortization has been included in depreciation and amortization expense within the condensed statements of operations for the three and six months ended June 30, 2016 and 2015.  

During the first quarter of 2016, the Company capitalized landlord funded lease incentives as leasehold improvements to be amortized over the shorter of the useful life or the remaining life of the real estate lease (see Note 14).