MyMD Pharmaceuticals, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Property, Plant and Equipment

Property, Plant and Equipment

3 Months Ended

Mar. 31, 2015

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment

Note 7 Property, Plant and Equipment

Property, plant and equipment as of March 31, 2015 and December 31, 2014 are as follows:

	2015		2014

Computer Equipment		100,405	$	100,405
Computer Software		30,735		30,736
Office Equipment		50,049		50,049
Furniture & Fixtures		29,939		29,939
Machinery & Equipment		1,112,060		1,111,005
Molds & Dies		697,782		654,327
Leasehold Improvements		222,594		222,594
		2,243,564		2,199,055
Less
Accumulated Depreciation		2,013,278		1,997,572

	$	230,286	$	201,483

Depreciation expense was $15,706 and $22,180 for the three months ended March 31, 2015 and 2014.

- Definition

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.

+ References + Details