Annual report pursuant to Section 13 and 15(d)

PROPERTY AND EQUIPMENT

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PROPERTY AND EQUIPMENT
 12 Months Ended
Dec. 31, 2015
PROPERTY AND EQUIPMENT [Abstract]  
PROPERTY AND EQUIPMENT

NOTE 3 - PROPERTY AND EQUIPMENT

 

Property and equipment consists of the following:   December 31,  
    2015     2014  
Equipment laboratory   $ 139,000     $ -  
Furniture and office equipment     209,000       14,000  
Leasehold improvement     33,000       -  
                 
      381,000       14,000  
Less accumulated depreciation and amortization     31,000       10,000  
Property and equipment, net   $ 350,000     $ 4,000  

 

Depreciation and amortization on property and equipment was $13,000 and $2,000 for the years ended December 31, 2015 and 2014, respectively.