Annual report pursuant to Section 13 and 15(d)

Property and Equipment

v3.20.2
Property and Equipment
12 Months Ended
Mar. 31, 2020
Property, Plant and Equipment [Abstract]  
Property and Equipment

Property and equipment consists of the following:

     March 31,  
     2020      2019  
             
 Laboratory equipment   $ 892,500     $ 892,500  
 Tenant improvements     214,400       214,400  
 Computers and network equipment     54,600       54,600  
 Office furniture and equipment     84,600       84,600  
      1,246,100       1,246,100  
                 
 Accumulated depreciation and amortization     (1,036,500 )     (933,400 )
                 
 Property and equipment, net   $ 209,600     $ 312,700  

 

The following table summarizes depreciation and amortization expense attributable to owned and leased property and equipment for the fiscal years ended March 31, 2020 and 2019:

 

     Fiscal Years Ended March 31,  
    2020     2019  
             
 Owned assets   $ 100,200     $ 88,300  
 Leased assets     2,900       2,900  
                 
 Total depreciation and amortization   $ 103,100     $ 91,200  

 

Other than certain leased office equipment, none of our assets were subject to third party security interests at March 31, 2020 or 2019.