Annual report pursuant to Section 13 and 15(d)

Property and Equipment, Net

v3.21.1
Property and Equipment, Net
 12 Months Ended
Dec. 31, 2020
Property, Plant and Equipment [Abstract]  
Property and Equipment, Net

(4) Property and Equipment, net

 

Property and equipment as of December 31, 2020 and 2019 consisted of the following components:

 

    December 31,  
    2020     2019  
Laboratory and manufacturing equipment   $ 240,670     $ 240,670  
Office equipment     184,763       183,931  
Leasehold improvements     25,248       24,417  
PCT collaboration, demonstration and leased systems     53,098       53,098  
Total property and equipment     503,779       502,116  
Less accumulated depreciation     (487,289 )     (446,526 )
Net book value   $ 16,490     $ 55,590  

 

Depreciation expense for the years ended December 31, 2020 and 2019 was $40,763 and $37,057, respectively.