5. Property and Equipment, net

12 Months Ended

Dec. 31, 2019

Property, Plant and Equipment [Abstract]

Property and Equipment, net

5. Property and Equipment, net

Property and equipment, net consists of the following:

	December 31, 2019			December 31, 2018
Office and computer equipment	$	42,289		$	42,289
Leasehold improvements		–			26,841
Furniture and fixtures		14,738			20,263
Property and equipment – at cost		57,027			89,393
Less accumulated depreciation		(56,270	)		(84,437	)
Property and equipment, net	$	757		$	4,956

Depreciation expense was approximately $4,000 and $16,000 for the years ended December 31, 2019 and 2018, respectively. During the year ended December 31, 2019, the Company sold certain furniture and fixtures for $2,000 resulting in an approximate $2,000 gain. During the year ended December 31, 2018, the Company sold certain laboratory equipment for $22,500 resulting in an approximate $15,000 gain.