| Note 4 - Property and Equipment |
The Company’s property and equipment consist of the following amounts as of December 31, 2019 and December 31, 2018:
|
|
|
|
|
|
|
|
|
|
December 31, 2019 Net Carrying Value |
|
Computer hardware and software |
|
3 years |
|
|
426,461 |
|
|
|
280,554 |
|
|
|
145,907 |
|
Laboratory equipment |
|
5 years |
|
|
2,052,348 |
|
|
|
1,256,637 |
|
|
|
795,711 |
|
Office furniture and equipment |
|
5 years |
|
|
217,545 |
|
|
|
114,242 |
|
|
|
103,303 |
|
Buildings |
|
30 years |
|
|
1,472,211 |
|
|
|
139,021 |
|
|
|
1,333,190 |
|
Building improvements |
|
5-15 years |
|
|
630,824 |
|
|
|
117,526 |
|
|
|
513,298 |
|
Land |
|
Not amortized |
|
|
89,816 |
|
|
|
- |
|
|
|
89,816 |
|
|
|
|
|
|
4,889,205 |
|
|
|
1,907,980 |
|
|
|
2,981,225 |
|
|
|
|
|
|
|
|
|
|
|
December 31, 2018 Net Carrying Value |
|
Computer hardware and software |
|
3 years |
|
|
344,383 |
|
|
|
166,750 |
|
|
|
177,633 |
|
Laboratory equipment |
|
5 years |
|
|
1,673,215 |
|
|
|
928,841 |
|
|
|
744,374 |
|
Office furniture and equipment |
|
5 years |
|
|
204,129 |
|
|
|
75,137 |
|
|
|
128,992 |
|
Buildings |
|
30 years |
|
|
1,502,171 |
|
|
|
91,785 |
|
|
|
1,410,386 |
|
Building improvements |
|
5-15 years |
|
|
643,663 |
|
|
|
77,049 |
|
|
|
566,614 |
|
Land |
|
Not amortized |
|
|
91,644 |
|
|
|
- |
|
|
|
91,644 |
|
|
|
|
|
|
4,459,205 |
|
|
|
1,339,562 |
|
|
|
3,119,643 |
|
The majority of capital expenditures in 2019 are related to €0.4 million Euros for software and laboratory equipment.
During the years ended December 31, 2019 and December 31, 2018, the Company recognized $589,532 and $548,005, respectively, in depreciation expense.
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