Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment

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Property and Equipment
3 Months Ended
Mar. 31, 2016
Property and Equipment [Abstract]  
PROPERTY AND EQUIPMENT
4. PROPERTY AND EQUIPMENT

Property and equipment is recorded at cost when acquired.  Depreciation is provided principally on the straight-line method over the estimated useful lives of the related assets, which is 3-7 years for equipment, furniture and fixtures, hardware and software and leasehold improvements.   During the three months ended March 31, 2016, the Company invested $3,719 in computers and electronics and $1,922 in office furniture and fixtures. Depreciation expense was $8,127 and $1,966 for the three months ended March 31, 2016 and 2015, respectively. Property and equipment consists of the following at March 31, 2016 and December 31, 2015:

 

    March 31, 2016     December 31, 2015  
Shop Machinery and equipment   $ 80,889     $ 80,889  
Computers and electronics     32,630       28,911  
Office furniture and fixtures     35,899       33,977  
Leasehold improvements     19,514       19,514  
      168,932       163,291  
Less - accumulated depreciation     (35,122 )     (26,995 )
    $ 133,810     $ 136,296