Annual report pursuant to Section 13 and 15(d)

Note 9 - Property and Equipment

v3.19.1
Note 9 - Property and Equipment
12 Months Ended
Dec. 31, 2018
Notes to Financial Statements  
Property, Plant and Equipment Disclosure [Text Block]
9
.
Property and Equipment
 
The major classes of property and equipment are as follows:  
 
   
Useful Life
(in years)
   
201
8
   
201
7
 
Production machinery and equipment
 
3
5
    $
575,091
    $
575,091
 
Other machinery and equipment, primarily computers and research equipment
 
5
     
323,259
     
293,757
 
Furniture and fixtures
 
7
     
4,327
     
4,327
 
Purchased software
 
3
     
336,060
     
320,435
 
Leasehold improvements*
 
Term of Lease
     
12,448
     
12,448
 
Total property and equipment
 
 
 
 
    $
1,251,185
    $
1,206,058
 
 
 
*
We amortize leasehold improvements over the term of the lease, which in all cases is shorter than the estimated useful life of the asset.
 
No
property or equipment was under capital lease at
December 31, 2018
and
2017.
During
2018
and
2017,
we recorded
$121,000
and
$232,000,
respectively, of depreciation and amortization related to property and equipment. See Note
1
(i).