Annual report pursuant to Section 13 and 15(d)

PROPERTY AND EQUIPMENT

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PROPERTY AND EQUIPMENT
12 Months Ended
Dec. 31, 2017
Property, Plant and Equipment [Abstract]  
PROPERTY AND EQUIPMENT
NOTE 2 – PROPERTY AND EQUIPMENT
 
Property and equipment consists of the following:
 
 
 
December 31,
 
 
 
2017
 
2016
 
Equipment laboratory
 
$
627,000
 
$
473,000
 
Furniture and office equipment
 
 
449,000
 
 
309,000
 
Leasehold improvement
 
 
229,000
 
 
118,000
 
Construction WIP
 
 
455,000
 
 
-
 
 
 
 
 
 
 
 
 
 
 
 
1,760,000
 
 
900,000
 
Less accumulated depreciation and amortization
 
 
386,000
 
 
179,000
 
Property and equipment, net
 
$
1,374,000
 
$
721,000
 
 
Depreciation and amortization on property and equipment was $207,000 and $148,000 for the years ended December 31, 2017 and 2016, respectively.