Note 4 - Property and Equipment |
The
Companys property and equipment consist of the following amounts as of March 31, 2017 and December 31, 2016:
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March
31, |
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2017 |
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Accumulated |
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Net
Carrying |
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Cost |
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Depreciation |
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Value |
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$ |
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|
$ |
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$ |
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Computer
hardware and software |
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155,992 |
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69,746 |
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86,246 |
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Laboratory
equipment |
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678,468 |
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175,708 |
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502,760 |
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Equipment
held under capital lease |
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587,973 |
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215,590 |
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372,383 |
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Office
furniture and equipment |
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104,103 |
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9,952 |
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94,151 |
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Buildings |
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1,400,691 |
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3,886 |
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1,396,805 |
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Building
improvements |
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419,701 |
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2,294 |
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417,407 |
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Land |
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85,453 |
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- |
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85,453 |
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3,432,381 |
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477,176 |
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2,955,205 |
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December
31, |
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2016 |
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Accumulated |
|
|
Net
Carrying |
|
|
|
Cost |
|
|
Depreciation |
|
|
Value |
|
|
|
$ |
|
|
$ |
|
|
$ |
|
Computer
hardware and software |
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|
157,002 |
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68,229 |
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88,773 |
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Laboratory
equipment |
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313,655 |
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151,541 |
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162,114 |
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Equipment
held under capital lease |
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578,830 |
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183,296 |
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395,534 |
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Office
furniture and equipment |
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32,932 |
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23,361 |
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9,571 |
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Buildings |
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1,378,911 |
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- |
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1,378,911 |
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Building
improvements |
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- |
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- |
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- |
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Land
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84,124 |
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- |
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84,124 |
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2,545,454 |
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426,427 |
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2,119,027 |
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During the three month period ended
March 31, 2017 and the three month period ended March 31, 2016, the Company recognized $72,357 and $50,691 respectively, in depreciation
expense.
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