Property and Equipment
|12 Months Ended|
Dec. 31, 2019
|Property and Equipment|
|Note 4 - Property and Equipment||
The Company’s property and equipment consist of the following amounts as of December 31, 2019 and December 31, 2018:
The majority of capital expenditures in 2019 are related to €0.4 million Euros for software and laboratory equipment.
During the years ended December 31, 2019 and December 31, 2018, the Company recognized $589,532 and $548,005, respectively, in depreciation expense.
The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef