Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment

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Property and Equipment
9 Months Ended
Jul. 31, 2017
Property, Plant and Equipment [Abstract]  
Property and Equipment

4. PROPERTY AND EQUIPMENT

 

Property and equipment consists of the following:

 

    July 31, 2017     October 31, 2016  
Leasehold Improvements   $ 2,010,952     $ 1,835,602  
Laboratory Equipment     4,028,027       2,038,704  
Furniture and Fixtures     721,577       549,025  
Computer Equipment     394,523       240,910  
Construction in Progress     1,152,067       151,368  
Total Property and Equipment     8,307,146       4,815,609  
Accumulated Depreciation     (969,809 )     (426,535 )
Net Property and Equipment   $ 7,337,337     $ 4,389,074  

 

Depreciation expense for the three and nine months ended July 31, 2017 and 2016 was $216,376, $553,779, $68,457 and $163,581, respectively.