Annual report pursuant to Section 13 and 15(d)

Property and Equipment

v3.3.1.900
Property and Equipment
12 Months Ended
Dec. 31, 2015
Property Plant And Equipment [Abstract]  
Property and Equipment

8.

Property and Equipment

The major classes of property and equipment are as follows:  

 

 

 

Useful Life

 

2015

 

 

2014

 

Production machinery and equipment

 

5 years

 

$

1,427,472

 

 

$

1,446,551

 

Other machinery and equipment, primarily computers and

   research equipment

 

3 – 5 years

 

 

421,318

 

 

 

602,974

 

Furniture and fixtures

 

7 years

 

 

648,131

 

 

 

670,567

 

Software

 

3 years

 

 

476,530

 

 

 

476,530

 

Leasehold improvements*

 

Term of Lease

 

 

897,584

 

 

 

927,406

 

 

 

 

 

$

3,871,035

 

 

$

4,124,028

 

 

 

*

We amortize leasehold improvements over the term of the lease, which in all cases is shorter than the estimated useful life of the asset.

Property and equipment includes $9,000 of equipment under capital leases with accumulated amortization of $7,000 and $5,000 at December 31, 2015 and 2014, respectively.  During 2015, 2014 and 2013, we recorded $562,000, $488,000 and $400,000, respectively, of depreciation and amortization related to property and equipment.