Property and Equipment

9 Months Ended

Sep. 30, 2014

4. Property and Equipment

Property and equipment consisted of the following:

	September 30, 2014			December 31, 2013
Laboratory equipment	$	368,542		$	368,542
Office equipment	76,300			76,300
	444,842			444,842
Less: accumulated depreciation and amortization	(436,299		)	(428,779		)
	$	8,543		$	16,063

Depreciation and amortization expense was $2,507 and $7,520 for the three and nine months ended September 30, 2014 and $1,478 and $5,881 for the three and nine months ended September 30, 2013, respectively.

- Definition

The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.

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