Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment

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Property and Equipment
9 Months Ended
Sep. 30, 2015
Property, Plant and Equipment [Abstract]  
Property and Equipment

NOTE 8 – PROPERTY AND EQUIPMENT

 

Property and equipment consisted of the following as of:

 

    September 30, 2015     December 31, 2014  
             
Manufacturing equipment   $ 155,145     $ 154,666  
Factory equipment     114,561       15,800  
Furniture and fixtures     7,888       7,888  
Leasehold improvements     64,582       64,582  
Tooling     565,160       473,893  
                 
Total     907,336       716,829  
                 
Less accumulated depreciation     (566,391 )     (463,189 )
Net property, plant and equipment   $ 340,945     $ 253,640  

 

Depreciation expense for the periods ended amounted to:

 

    Nine months ended
September 30, 2015
    Nine months ended
September 30, 2014
 
Depreciation Expense   $ 103,000     $ 93,000