Property and Equipment
 9 Months Ended 12 Months Ended
Sep. 30, 2015
Dec. 31, 2014
Property and Equipment [Abstract]    
Property and Equipment

4. Property and Equipment

 

Property and equipment are recorded at cost and depreciated using the straight-line method, over the estimated useful lives, ranging generally from five to seven years. Expenditures for maintenance and repairs are charged to expense as incurred. 

 

Property and equipment consisted of the following:

 

       
 

September 30, 
2015

 

  

December 31,
2014

 
               

Furniture and fixtures

   $ 55,275   $ 50,391

Computers

     32,485   24,174

Lab equipment

     541,066   447,423
     

Total

     628,826   521,988

Accumulated depreciation

     (160,827 )   (76,454 )
     

Property and equipment, net

     $ 467,999   $ 445,534

 

Depreciation expense was $30,436 and $22,952 for the three months ended September 30, 2015 and 2014, respectively. Depreciation expense was $84,373 and $41,850 for the nine months ended September 30, 2015 and 2014, respectively.

 

4.

Property and Equipment


Property and equipment are recorded at cost and depreciated using the straight-line method, over estimated useful lives, ranging generally from five to seven years. Expenditures for maintenance and repairs are charged to expense as incurred. 


Property and equipment consisted of the following at:


December 31,
2014 2013
   

Furniture and fixtures

   $ 50,391     $ 10,780  

Computers

     24,174       13,175  

Lab equipment

     447,423       39,357  
                 

Total

     521,988       63,312  

Accumulated depreciation

     (76,454 )     (9,559 )
                 

Property and equipment, net

   $ 445,534     $ 53,753  


Depreciation expense totaled $66,895 and $6,348 for the years ended December 31, 2014 and 2013, respectively.