Annual report pursuant to Section 13 and 15(d)

Property and Equipment

v2.4.1.9
Property and Equipment
 12 Months Ended
Dec. 31, 2014
Notes to Financial Statements  
Note 4 - Property and Equipment

The Company’s property and equipment consist of the following amounts as of December 31, 2014 and 2013:

 

 
 
 
 
 		  
 
 
 
 		  
 
 
Cost
$ 		 
 
 
 
 		  
 
 
 
 		  
 
Accumulated
Depreciation
$ 		 
 
 
 
 		  
 
 
 
 		 December 31,
2014
Net Carrying
Value
$ 		 
 
 
 
 
Computer hardware     48,331       39,293       9,039  
Laboratory equipment     313,285       53,080       260,205  
Office furniture and equipment     31,745       12,403       19,341  
                         
      393,361       104,776       288,585  

 

 
 
 
 
 		  
 
 
 
 		  
 
 
Cost
$ 		 
 
 
 
 		  
 
 
 
 		  
 
Accumulated
Depreciation
$ 		 
 
 
 
 		  
 
 
 
 		 December 31,
2013
Net Carrying
Value
$ 		 
 
 
 
 
Computer hardware     56,672       45,437       11,235  
Laboratory equipment     67,272       26,636       40,635  
Office furniture and equipment     19,271       7,877       11,395  
                         
      143,215       79,950       63,265  

 

During the years ended December 31, 2014 and 2013, the Company recognized $47,095 and $31,517 in depreciation expense respectively.