Quarterly report pursuant to Section 13 or 15(d)

Property and equipment

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Property and equipment
9 Months Ended
Sep. 30, 2015
Property and equipment Abstract]  
Property and equipment

Note 2. Property and equipment:

 

Property and equipment consisted of the following:

 

September 30,
2015
(Unaudited)

   

December 31,
2014



   

Land and improvements

$ 1,107,508     $ 1,107,508  

Building

  2,589,231       2,589,231  

Building improvements

    253,526       253,526  

Laboratory equipment

    1,112,480       1,112,480  

Office and computer equipment

    328,299       328,299  
                 
      5,391,044       5,391,044  

Less accumulated depreciation

    3,400,906       3,287,164  
                 
    $ 1,990,138     $ 2,103,880  

 

Depreciation expense totaled approximately $36,000 and $47,000, and $114,000 and $150,000, for the three and nine month periods ended September 30, 2015 and 2014, respectively.