Annual report pursuant to Section 13 and 15(d)

Property and Equipment

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Property and Equipment
 12 Months Ended
Dec. 31, 2016
Property, Plant and Equipment [Abstract]  
Property and Equipment

The major classes of property and equipment are as follows:  

 

    Useful Life   2016   2015
Production machinery and equipment   5 years   $ 1,163,252     $ 1,427,472  
Other machinery and equipment, primarily computers and research equipment   3 – 5 years     407,201       421,318  
Furniture and fixtures   7 years     645,922       648,131  
Software   3 years     470,669       476,530  
Leasehold improvements*   Term of Lease     897,584       897,584  
        $ 3,584,628     $ 3,871,035  

 

* 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 at December 31, 2015. No property or equipment was under capital lease at December 31, 2016. During 2016, 2015 and 2014, we recorded $496,000, $562,000 and $488,000, respectively, of depreciation and amortization related to property and equipment.