Property and Equipment

12 Months Ended

Dec. 31, 2019

Property, Plant and Equipment [Abstract]

PROPERTY AND EQUIPMENT

NOTE 5 – PROPERTY AND EQUIPMENT

At December 31, 2019 and 2018, property and equipment consisted of the following:

	Useful life	December 31, 2019			December 31, 2018
Laboratory equipment	5 Years	$	705,982		$	258,345
Office equipment and furniture	3 – 10 Years		38,681			35,627
Leasehold improvement	Shorter of useful life or lease term		-			24,446
			744,663			318,418
Less: accumulated depreciation			(143,238	)		(68,863	)
		$	601,425		$	249,555

For the years ended December 31, 2019 and 2018, depreciation expense of property and equipment amounted to $100,540 and $59,886, respectively, of which, $3,276 and $3,275 was included in real property operating expenses, $39,070 and $38,229 was included in costs of development services and sales of developed products, $30,947 and $18,382 was included in other operating expenses, and $27,247 and $0 was included in research and development expense, respectively.