Property and Equipment
|12 Months Ended|
Dec. 31, 2018
|Notes to Financial Statements|
|Note 4 - Property and Equipment||
The Company’s property and equipment consist of the following amounts as of December 31, 2018 and December 31, 2017:
The majority of capital expenditures in 2018 is related to €0.3 million Euros for software and laboratory equipment.
During the years ended December 31, 2018 and December 31, 2017, the Company recognized $548,005 and $454,490, respectively, in depreciation expense.
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.
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef