Annual report pursuant to Section 13 and 15(d)

5. PROPERTY AND EQUIPMENT

v3.19.1
5. PROPERTY AND EQUIPMENT
12 Months Ended
Dec. 31, 2018
Property, Plant and Equipment [Abstract]  
5. PROPERTY AND EQUIPMENT

Property and equipment at December 31, 2018 and 2017 is summarized as follows:

 

    December 31, 2018   December 31, 2017
Manufacturing and laboratory equipment   $ 8,233,203     $ 7,148,405  
Office equipment and computer software     1,608,994       1,086,756  
Furniture and fixtures     1,163,552       1,136,623  
Construction in process     845,538       738,093  
Leasehold improvements     1,660,709       1,642,903  
Land     4,339,441       4,339,441  
Buildings and building improvements     15,685,325       15,660,559  
      33,536,762       31,752,780  
Less: Accumulated depreciation     (3,421,032 )     (1,285,922 )
Total property, plant and equipment, net   $ 30,115,730     $ 30,466,858  

 

The Company recorded depreciation expense on property and equipment of $2.6 million and $1.5 million for the years ended December 31, 2018 and 2017, respectively, which includes $0.3 million and $0.4 million of depreciation expense on the plasma assets to be transferred (see Note 3) for the years ended December 31, 2018 and 2017, respectively.