Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment Disclosure

v3.2.0.727
Property and Equipment Disclosure
6 Months Ended
Jun. 30, 2015
Notes  
Property and Equipment Disclosure

4.  PROPERTY AND EQUIPMENT

 

A summary of the cost of property and equipment, by component, and the related accumulated depreciation is as follows:

 

 

June 30,

2015

 

December 31,

2014

Computer equipment & software

$

28,225

 

$

30,152

Demo equipment

 

591,182

 

 

599,432

Leasehold improvements

 

22,580

 

 

22,580

  

 

641,987

 

 

652,164

Accumulated depreciation

 

(243,468)

 

 

(185,751)

  

$

398,519

 

$

466,413

 

Depreciation expense was $28,628 and $57,717 for the three and six months ended June 30, 2015; and was $23,358 and $45,133 for the three and six months ended June 30, 2014. The Company recognized a loss on disposal of assets during the three and six months ended June 30, 2015 of $7,377.