Note 4 - Long-lived Assets

12 Months Ended

Dec. 31, 2019

Notes to Financial Statements

Property, Plant, and Equipment and Intangible Assets [Text Block]

NOTE

4.

LONG-LIVED ASSETS

Property and Equipment

Property and equipment at

December 31, 2019

and

2018

consisted of the following:

Asset Descriptions	Useful Lives (years)		December 31, 2019			December 31, 2018
Computer equipment		4	$	41,839		$	41,839
Lab equipment		5		17,019			17,019
Office equipment, furniture and fixtures		5		106,486			106,486
Leasehold improvements	lease term			184,989			175,736
Manufacturing equipment		7		1,559,195			1,345,230
Subtotal				1,909,528			1,686,310
Less: Accumulated depreciation and amortization				(442,882	)		(292,080	)
Total property and equipment, net			$	1,466,646		$	1,394,230

Depreciation and amortization expense for the years ended

December 31, 2019

and

2018

was

$158,253

and

$200,957,

respectively. During the year ended

December 31, 2019,

the Company sold equipment for proceeds of

$11,442

and recognized a loss of

$12,398.

Goodwill

The Company established goodwill in

2017

in connection with the Merger. The Company’s goodwill at

December 31, 2019

and

2018

was

$2.1

million. The Company has

not

identified any events or changes in circumstances that indicate that a potential impairment of goodwill occurred during the years ended

December 31, 2019

or

2018.

As such, the Company believes goodwill is

not

impaired.