Annual report pursuant to Section 13 and 15(d)

Property and Equipment

v2.4.1.9
Property and Equipment
12 Months Ended
Dec. 31, 2014
Property and Equipment  
Property and Equipment

 

5. Property and Equipment

        Property and equipment consisted of the following:

                                                                                                                                                                                    

 

 

December 31,

 

 

 

2014

 

2013

 

Laboratory equipment

 

$

1,616,420

 

 

1,853,685

 

Computers and software

 

 

554,658

 

 

509,109

 

Office equipment and furniture

 

 

270,845

 

 

193,781

 

Leasehold improvements

 

 

1,986,156

 

 

1,718,922

 

Leased assets

 

 

14,259

 

 

—  

 

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​  

​  

​  

Total property and equipment

 

 

4,442,338

 

 

4,275,497

 

Less accumulated depreciation and amortization

 

 

(3,889,044

)

 

(3,932,438

)

​  

​  

​  

​  

Property and equipment, net

 

$

553,294

 

$

343,059

 

​  

​  

​  

​  

​  

​  

​  

​  

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        Depreciation and amortization expense was $239,390 and $706,779 for the years ended December 31, 2014 and 2013, respectively.