Note 4 - Fixed Assets

6 Months Ended

Jun. 30, 2020

Notes to Financial Statements

Property, Plant and Equipment Disclosure [Text Block]

NOTE

4

– FIXED ASSETS

The Company's fixed assets consist of the following:

	As of June 30, 2020		As of December 31, 2019
Computers and office equipment	$	391,464	$	508,143
Leasehold improvements		188,014		188,014
Laboratory equipment		2,527,660		1,401,210
Manufacturing tooling		108,955		108,956
Demo equipment		73,051		73,051
Total		3,289,144		2,279,373
Less: Accumulated depreciation		879,423		771,574
Total Fixed Assets, Net	$	2,409,721	$	1,507,799

Depreciation expense was

$249,049

and

$153,302

during the

six

months ended

June 30, 2020

and

2019,

respectively and

$118,974

and

$131,420

during the

three

months ended

June 30, 2020

and

2019,

respectively.