Equipment |
12 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2016 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Property, Plant and Equipment [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Property, Plant and Equipment Disclosure [Text Block] |
NOTE F – Equipment
Fixed assets, summarized by major category, consist of the following for the year ended:
In 2016, the company entered a 36-month capital lease for lab equipment which has a buyout option of $1 at the end of lease. The lab equipment under this lease was capitalized and will be depreciated on a straight-line basis over the lease term of 36 months. During the years ended December 31, 2016 and 2015, the Company recognized interest expense of $1,198 and $885, respectively associated with the capital lease payments. Depreciation expense for the years ended December 31, 2016 and 2015 was approximately $53 thousand and $44 thousand, respectively. |
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