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Property and Equipment
 6 Months Ended
Jun. 30, 2015
Property and Equipment  
Property and Equipment

(4) Property and Equipment

 

Property and equipment consisted of the following:

 

 

 

 

 

 

 

 

 

 

 

 

    

Estimated

    

 

 

    

 

 

 

 

 

useful life

 

June 30,

 

December 31,

 

 

 

(in years)

 

2015

 

2014

 

Lab equipment

 

 5

 

$
4,325

 

$
4,325

 

Computer equipment

 

 3

 

 
18,918

 

 
17,139

 

Furniture and fixtures

 

 5

 

 
88,810

 

 
1,781

 

Total cost

 

 

 

 
112,053

 

 
23,245

 

Less accumulated depreciation

 

 

 

 
(8,145)

 

 
(3,603)

 

Property and equipment, net

 

 

 

$
103,908

 

$
19,642

 

 

Depreciation expense was $3,095 and $9,127 for the three months ended June 30, 2015 and 2014, respectively.  Depreciation expense was $4,542 and $18,762 for the six months ended June 30, 2015 and 2014, respectively.