Annual report pursuant to Section 13 and 15(d)

Equipment, Net

v3.19.1
Equipment, Net
12 Months Ended
Dec. 31, 2018
Property, Plant and Equipment [Abstract]  
Equipment, Net

Note 4 — Equipment, Net

 

    December 31, 2018     December 31, 2017  
             
Research and development equipment   $ 40,380     $ 13,656  
Computer equipment     16,584       13,438  
Equipment, gross     56,964       27,094  
Less: accumulated depreciation     (20,693 )     (10,903 )
Equipment, net   $ 36,271     $ 16,191  

 

Depreciation expense recognized was $9,790 and $7,110 - inclusive of $4,886 and $4,379 included in “general and administrative expenses”, and $4,904 and $2,731 included in “research and development expenses” in the accompanying consolidated statements of operations, for the year ended December 31, 2018 and 2017, respectively.

 

The purchases of research and development equipment include $3,261 of such purchases included in accounts payable as of December 31, 2018 in the accompanying consolidated balance sheet.