Property And Equipment

6 Months Ended

Jun. 30, 2018

6. Property and Equipment

As of June 30, 2018 and December 31 2017, the Company’s property and equipment consisted of the following:


	June 30,		December 31,
	2018		2017
Leasehold Improvements	$	875,806	$	824,087
Machinery and Equipment		8,083,260		7,893,566
Information Technology & Office Equipment		2,473,160		2,327,524
Laboratory Equipment		603,092		631,666
Transportation Equipment		—		242,277
		12,035,318		11,919,120
Accumulated Depreciation		(9,429,173)		(9,370,142)
Net Property and Equipment	$	2,606,145	$	2,548,978

Depreciation expense for the three months ended June 30, 2018 and 2017, totaled $152,162 and $128,781. Depreciation expense for the six months ended June 30, 2018 and 2017, totaled $281,150 and $