Quarterly report pursuant to Section 13 or 15(d)

Property and equipment

v2.4.0.8
Property and equipment
6 Months Ended
Jun. 30, 2014
Property and equipment Abstract]  
Property and equipment

Note 2. Property and equipment:

 

Property and equipment consisted of the following:

 

   

June 30,
2014
 (Unaudited)

   

December 31,

2013

 
         

Land and improvements

  $ 1,107,508     $ 1,107,508  

Building

    2,589,231       2,589,231  

Building improvements

    253,526       253,526  

Laboratory equipment

    1,220,735       1,220,735  

Office and computer equipment

    328,299       326,099  
                 
      5,499,299       5,497,099  

Less accumulated depreciation

    3,332,699       3,230,117  
                 
    $    2,166,600     $ 2,266,982  

 

Depreciation expense totaled approximately $51,000 and $103,000, and $64,000 and $131,000, for the three and six month periods ended June 30, 2014 and 2013, respectively.