PROPERTY AND EQUIPMENT

3 Months Ended

12 Months Ended

Mar. 31, 2016

Dec. 31, 2015

Property, Plant and Equipment [Abstract]

PROPERTY AND EQUIPMENT

NOTE 3 – PROPERTY AND EQUIPMENT

Property and equipment consists of the following:

	March 31, 2016		December 31, 2015
Office equipment	$	52,488	$	51,323
Lab equipment		742,224		722,555
Furniture		26,028		26,028
Leasehold Improvements		231,859		231,859
		1,052,599		1,031,765
Less: Accumulated depreciation		582,161		536,703
	$	470,438	$	495,062

Depreciation expense for the three months ending March 31, 2016 and 2015 was $45,458 and $36,746.

NOTE 3 – PROPERTY AND EQUIPMENT

Property and equipment consists of the following:

	December 31,
	2015		2014
Office equipment	$	51,323	$	51,322
Lab equipment		722,555		544,858
Furniture		26,028		18,782
Leasehold improvements		231,859		136,900
		1,031,765		751,862
Less: Accumulated depreciation		536,703		376,635
	$	495,062	$	375,227

Depreciation expense for the years ending December 31, 2015 and 2014 was $160,068 and $136,322.