Annual report pursuant to Section 13 and 15(d)

Property and Equipment (Tables)

Property and Equipment (Tables)

12 Months Ended

Dec. 31, 2013

Property, Plant and Equipment [Abstract]

The major classes of property and equipment are as follows:



	Useful Life	2013		2012
Production machinery and equipment	5 years	$	1,239,834	$	397,643
Other machinery and equipment, primarily computers and research equipment	3 – 5 years	658,860		581,409
Furniture and fixtures	7 years	439,715		439,716
Software	3 years	544,254		471,811
Leasehold improvements*	Term of Lease	726,396		136,316
		$	3,609,059	$	2,026,895

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

- Definition

Tabular disclosure of the useful life and salvage value of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software.

+ References + Details