Annual report pursuant to Section 13 and 15(d)

Property and Equipment (Tables)

v2.4.0.8
Property and Equipment (Tables)
12 Months Ended
Dec. 31, 2013
Property, Plant and Equipment [Abstract]  
Schedule of Property and Equipment
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.