Note 4 - Property and Equipment |
The
Company’s property and equipment consist of the following amounts as of March 31, 2019 and December 31, 2018:
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March
31, 2019 |
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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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384,040 |
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193,325 |
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190,715 |
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Laboratory
equipment |
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5 years |
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1,707,181 |
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993,225 |
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713,956 |
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Office
furniture and equipment |
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5 years |
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199,945 |
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83,594 |
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116,351 |
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Buildings |
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30 years |
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1,471,384 |
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102,163 |
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1,369,221 |
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Building
improvements |
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5-15 years |
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630,471 |
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85,968 |
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544,503 |
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Land |
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Not amortized |
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89,766 |
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- |
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89,766 |
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4,482,787 |
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1,458,275 |
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3,024,512 |
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December
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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344,383 |
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166,750 |
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177,633 |
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Laboratory
equipment |
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5 years |
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1,673,215 |
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928,841 |
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744,374 |
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Office
furniture and equipment |
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5 years |
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204,129 |
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75,137 |
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128,992 |
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Buildings |
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30 years |
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1,502,171 |
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91,785 |
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1,410,386 |
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Building
improvements |
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5-15 years |
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643,663 |
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77,049 |
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566,614 |
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Land |
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Not amortized |
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91,644 |
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- |
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91,644 |
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4,459,205 |
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1,339,562 |
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3,119,643 |
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During
the three months ended March 31, 2019 and March 31, 2018, the Company recognized $145,683 and $137,705 respectively, in depreciation
expense.
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