Quarterly report pursuant to Section 13 or 15(d)

Property, Plant and Equipment

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Property, Plant and Equipment
 6 Months Ended
Jun. 30, 2015
Property, Plant and Equipment [Abstract]  
Property, Plant and Equipment

Note 7 - Property, Plant and Equipment

 

Property, plant and equipment as of June 30, 2015 and December 31, 2014 are as follows:

 

    2015     2014  
             
Computer Equipment   $ 100,405     $ 100,405  
Computer Software     30,736       30,736  
Office Equipment     50,049       50,049  
Furniture & Fixtures     29,939       29,939  
Machinery & Equipment     1,112,060       1,111,005  
Molds & Dies     697,782       654,327  
Leasehold Improvements     222,594       222,594  
      2,243,564       2,199,055  
Less                
Accumulated Depreciation     2,029,217       1,997,572  
                 
    $ 214,347     $ 201,483  

 

Depreciation expense was $15,938 and $31,645 for the three and six months ended June 30, 2015 and 22,180 and $44,360 for the three and six months ended June 30, 2014.