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Property and Equipment, Net
3 Months Ended
Mar. 31, 2021
Property Plant And Equipment [Abstract]  
Property and Equipment, Net

4. Property and Equipment, Net

 

 

 

March 31, 2021

 

 

December 31, 2020

 

Furniture, fixtures and equipment

 

$

185,878

 

 

$

125,538

 

Laboratory equipment

 

 

1,041,752

 

 

 

959,585

 

Computers and telecommunications

 

 

250,516

 

 

 

220,316

 

Software

 

 

64,409

 

 

 

64,409

 

Leasehold improvements

 

 

1,415,608

 

 

 

1,285,883

 

Construction-in-progress

 

 

4,000,000

 

 

 

 

Property and equipment, at cost

 

 

6,958,163

 

 

 

2,655,731

 

Less: accumulated depreciation and amortization

 

 

(1,760,111

)

 

 

(1,598,811

)

Property and equipment, net

 

$

5,198,052

 

 

$

1,056,920

 

As of March 31, 2021, construction-in-progress primarily includes costs related to the procurement of long-lead equipment and build out of the suite associated with the Company's manufacturing collaboration with Lonza Houston, Inc. (“Lonza”) described in Note 16. Depreciation expense related to property and equipment was approximately $67,658 and $59,505, for the three months ended March 31, 2021 and 2020, respectively.