| Note 4 - Property and Equipment |
The
Company’s property and equipment consist of the following amounts as of September 30, 2018 and December 31, 2017:
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September
30, |
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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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348,782 |
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151,455 |
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197,327 |
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| Laboratory
equipment |
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5 years |
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1,562,635 |
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863,200 |
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699,435 |
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| Office
furniture and equipment |
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5 years |
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206,014 |
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65,839 |
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140,175 |
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| Buildings |
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30 years |
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1,522,512 |
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80,342 |
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1,442,170 |
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| Building
improvements |
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5-15 years |
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652,379 |
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67,231 |
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585,148 |
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| Land |
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Not amortized |
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92,885 |
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- |
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92,885 |
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4,385,207 |
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1,228,067 |
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3,157,140 |
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December
31, |
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2017 |
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Accumulated |
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|
Net
Carrying |
|
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|
Cost |
|
|
Depreciation |
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|
Value |
|
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|
Useful
Life |
|
$ |
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$ |
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$ |
|
| Computer
hardware and software |
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3 years |
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239,133 |
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93,422 |
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145,711 |
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| Laboratory
equipment |
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5 years |
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1,575,354 |
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653,636 |
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921,718 |
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| Office
furniture and equipment |
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5 years |
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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 |
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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 nine-month periods ended September 30, 2018 and September 30, 2017, the Company recognized $406,986 and $306,180, respectively,
in depreciation expense.
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