Note 3 - Property and Equipment |
Note 3 - Property and Equipment
The Company's property and equipment consisted of the following amounts as of June 30, 2021 and December 31, 2020:
|
|
|
|
|
|
|
|
|
|
|
June 30, |
|
|
|
|
|
|
|
|
|
|
|
|
2021 |
|
|
|
|
|
|
|
|
|
Accumulated |
|
|
Net Carrying |
|
|
|
|
|
|
Cost |
|
|
Depreciation |
|
|
Value |
|
|
|
|
Useful Life |
|
$ |
|
|
$ |
|
|
$ |
|
Computer hardware and software |
|
|
3 years |
|
|
579,410 |
|
|
|
455,285 |
|
|
|
124,125 |
|
Laboratory equipment |
|
|
5 years |
|
|
3,026,194 |
|
|
|
1,271,580 |
|
|
|
1,754,614 |
|
Office furniture and equipment |
|
|
5 years |
|
|
297,841 |
|
|
|
193,087 |
|
|
|
104,754 |
|
Buildings |
|
|
30 years |
|
|
2,293,345 |
|
|
|
239,727 |
|
|
|
2,053,618 |
|
Building improvements |
|
|
5-15 years |
|
|
1,310,063 |
|
|
|
222,745 |
|
|
|
1,087,318 |
|
Land |
|
|
Not amortized |
|
|
142,217 |
|
|
|
- |
|
|
|
142,217 |
|
|
|
|
|
|
|
7,649,070 |
|
|
|
2,382,424 |
|
|
|
5,266,646 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31, |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2020 |
|
|
|
|
|
|
|
|
|
|
Accumulated |
|
|
Net Carrying |
|
|
|
|
|
|
Cost |
|
|
Depreciation |
|
|
Value |
|
|
|
|
Useful Life |
|
|
$ |
|
|
$ |
|
|
$ |
|
Computer hardware and software |
|
|
3 years |
|
|
550,254 |
|
|
|
412,805 |
|
|
|
137,449 |
|
Laboratory equipment |
|
|
5 years |
|
|
2,586,997 |
|
|
|
1,060,153 |
|
|
|
1,526,844 |
|
Office furniture and equipment |
|
|
5 years |
|
|
271,656 |
|
|
|
171,247 |
|
|
|
100,409 |
|
Buildings |
|
|
30 years |
|
|
2,366,236 |
|
|
|
207,111 |
|
|
|
2,159,125 |
|
Building improvements |
|
|
5-15 years |
|
|
1,285,383 |
|
|
|
184,813 |
|
|
|
1,100,570 |
|
Land |
|
|
Not amortized |
|
|
146,737 |
|
|
|
- |
|
|
|
146,737 |
|
|
|
|
|
|
|
7,207,263 |
|
|
|
2,036,129 |
|
|
|
5,171,134 |
|
During the six-month periods ended June 30, 2021 and June 30, 2020, the Company recognized $425,187 and $316,405, respectively, in depreciation expense.
|