Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment

v3.10.0.1
Property and Equipment
6 Months Ended
Jun. 30, 2018
Property Plant And Equipment [Abstract]  
Property and Equipment

NOTE 5 – PROPERTY AND EQUIPMENT

 

Property and equipment, net consist of the following:

 

 

 

June 30,

 

 

December 31,

 

 

 

2018

 

 

2017

 

Computers and computer equipment

 

$

1,167,602

 

 

$

936,317

 

Furniture and office equipment

 

 

188,449

 

 

 

161,434

 

Manufacturing equipment and engineering tools

 

 

2,274,296

 

 

 

2,041,238

 

Leasehold improvements

 

 

142,982

 

 

 

131,188

 

 

 

 

3,773,329

 

 

 

3,270,177

 

Less:  accumulated depreciation and amortization

 

 

(2,017,111

)

 

 

(1,688,363

)

 

 

$

1,756,218

 

 

$

1,581,814

 

 

Depreciation and amortization expense related to property and equipment was $176,071 and $103,910 for the three month periods ended June 30, 2018 and 2017, respectively, and  $331,168 and $184,293for the six month periods ended June 30, 2018 and 2017, respectively.