Fixed Assets

12 Months Ended

Dec. 31, 2015

Assets [Abstract]

Fixed Assets

Note 6—Fixed Assets

The useful lives and balances of fixed assets at December 31, 2015 and 2014 consisted of the following:

	Useful Life	2015		2014
Computer software, computer equipment and office equipment	3 years	$	516,511	$	477,222
Laboratory equipment	5 years		1,887,454		1,837,504
Furniture and fixtures	5 years		40,349		40,349
Leasehold improvements	5 years		309,618		309,618
Website development	3 years		298,553		298,553
Projects in Progress			—		6,750
			3,052,485		2,969,996
Less — Accumulated depreciation and amortization			(2,408,585)		(2,196,217)
Total		$	643,900	$	773,779

Depreciation and amortization expense was $212,000 and $169,000, for the years ended December 31, 2015 and 2014, respectively.