Property and Equipment

9 Months Ended

12 Months Ended

Sep. 30, 2015

Dec. 31, 2014

Property and Equipment [Abstract]

Property and Equipment

4. Property and Equipment

Property and equipment are recorded at cost and depreciated using the straight-linemethod, over the estimated useful lives, ranging generally from five to seven years. Expendituresfor maintenance and repairs are charged to expense as incurred.

Property and equipment consisted of the following:

	September 30, 2015			December31, 2014
Furniture and fixtures	$	55,275		$	50,391
Computers		32,485			24,174
Lab equipment		541,066			447,423
Total		628,826			521,988
Accumulated depreciation		(160,827	)		(76,454	)
Property and equipment, net	$	467,999		$	445,534

Depreciation expense was $30,436 and $22,952 for the three months ended September 30, 2015 and 2014, respectively. Depreciation expense was $84,373 and $41,850 for the nine months ended September 30, 2015 and 2014, respectively.

4.

Property and Equipment

Property and equipment are recorded at cost and depreciated using the straight-line method, over estimated useful lives, ranging generally from five to seven years. Expenditures for maintenance and repairs are charged to expense as incurred. 

Property and equipment consisted of the following at:

	December 31,
	2014			2013
Furniture and fixtures	$	50,391		$	10,780
Computers		24,174			13,175
Lab equipment		447,423			39,357
Total		521,988			63,312
Accumulated depreciation		(76,454	)		(9,559	)
Property and equipment, net	$	445,534		$	53,753

Depreciation expense totaled $66,895 and $6,348 for the years ended December 31, 2014 and 2013, respectively.