Annual report pursuant to Section 13 and 15(d)

PROPERTY AND EQUIPMENT

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

NOTE 3 - PROPERTY AND EQUIPMENT

 

Property and equipment consist of the following:

 

    December 31, 2020     December 31, 2019  
Laboratory equipment   $ 8,160,000     $ 7,031,000  
Furniture and office equipment     1,818,000       1,710,000  
Leasehold improvements     8,602,000       8,573,000  
Construction work-in-progress     71,000       -  
      18,651,000       17,314,000  
Less: accumulated depreciation and amortization     7,329,000       4,157,000  
Property and equipment, net   $ 11,322,000     $ 13,157,000  

 

Depreciation and amortization on property and equipment was $3.2 million and $2.6 million for 2020 and 2019, respectively.