Property, Plant and Equipment, Net

3 Months Ended

Mar. 31, 2015

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment Disclosure

Note 5 - Property, Plant and Equipment, Net:

Property, plant and equipment, consisted of the following:

	Useful Life (Years)		March 31, 2015		December 31, 2014
Computer hardware and software	3		75,226		75,196
Lab equipment	3 to 5		161,058		130,377
Office equipment	3 to 5		1,109		1,109
Total property, plant and equipment			237,393		206,682
Less: Accumulated depreciation and amortization			(64,145)		(50,241)
Property, plant and equipment, net		$	173,248	$	156,441

Depreciation expense for the three months ended March 31, 2015 and 2014 was $13,904 and $1,266, respectively, and was recorded in both research and development expense and general and administrative expense in the consolidated statements of operations.

- Definition

The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.

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