Note 4 - Property and Equipment |
The
Companys property and equipment consist of the following amounts as of March 31, 2018 and December 31, 2017:
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March
31, |
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2018 |
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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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Useful
Life |
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$ |
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|
$ |
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|
$ |
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Computer hardware
and software |
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3 years |
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266,155 |
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115,265 |
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150,890 |
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Laboratory equipment |
|
5 years |
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1,659,015 |
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|
751,751 |
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|
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907,264 |
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Office furniture
and equipment |
|
5 years |
|
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199,995 |
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48,689 |
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151,306 |
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Buildings |
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30 years |
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1,616,415 |
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58,362 |
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1,558,053 |
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Building improvements |
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5-15 years |
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692,614 |
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48,315 |
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644,299 |
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Land |
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Not amortized |
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98,614 |
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- |
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98,614 |
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4,532,808 |
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1,022,382 |
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3,510,426 |
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December
31, |
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2017 |
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|
|
Accumulated |
|
|
Net
Carrying |
|
|
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|
|
Cost |
|
|
Depreciation |
|
|
Value |
|
|
|
Useful
Life |
|
$ |
|
|
$ |
|
|
$ |
|
Computer hardware
and software |
|
3 years |
|
|
239,133 |
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|
|
93,422 |
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|
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145,711 |
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Laboratory equipment |
|
5 years |
|
|
1,575,354 |
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653,636 |
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|
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921,718 |
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Office furniture
and equipment |
|
5 years |
|
|
207,208 |
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54,479 |
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152,729 |
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Buildings |
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30 years |
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1,571,004 |
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43,632 |
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1,527,372 |
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Building improvements |
|
5-15 years |
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|
673,157 |
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35,748 |
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637,409 |
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Land |
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Not amortized |
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95,843 |
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- |
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95,843 |
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4,361,699 |
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880,917 |
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3,480,782 |
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During
the three-month periods ended March 31, 2018 and March 31, 2017, the Company recognized $137,705 and $72,357, respectively, in
depreciation expense.
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