Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment

v3.19.3
Property and Equipment
9 Months Ended
Sep. 30, 2019
Property Plant And Equipment [Abstract]  
Property and Equipment

NOTE 6 – PROPERTY AND EQUIPMENT

Property and equipment, net consists of the following:

 

 

 

September 30,

 

 

December 31,

 

 

 

2019

 

 

2018

 

Computers and computer equipment

 

$

620,342

 

 

$

609,921

 

Furniture and office equipment

 

 

342,182

 

 

 

211,759

 

Manufacturing equipment and engineering tools

 

 

2,491,656

 

 

 

2,211,080

 

Leasehold improvements

 

 

886,237

 

 

 

163,373

 

 

 

 

4,340,417

 

 

 

3,196,133

 

Less:  accumulated depreciation and amortization

 

 

(2,270,600

)

 

 

(1,880,167

)

 

 

 

2,069,817

 

 

 

1,315,966

 

Construction in progress - facilities

 

 

-

 

 

 

197,619

 

Software implementation in progress - ERP

 

 

1,300,942

 

 

 

245,501

 

 

 

$

3,370,759

 

 

$

1,759,086

 

 

 

During the three month periods ended September 30, 2019 and 2018, the Company incurred $161,935 and $180,658 respectively, and $430,347 and $511,831 for the nine month periods ended September 30, 2019 and 2018, respectively of depreciation and amortization expense related to property and equipment.