Quarterly report pursuant to Section 13 or 15(d)

Property, Plant and Equipment

v3.5.0.2
Property, Plant and Equipment
 9 Months Ended
Sep. 30, 2016
Property, Plant and Equipment [Abstract]  
Property, Plant and Equipment

Note 6 - Property, Plant and Equipment

 

Property, plant and equipment as of September 30, 2016 and December 31, 2015 are as follows:

 

    2016     2015  
Computer Equipment   $ 114,771     $ 100,405  
Computer Software     40,681       40,681  
Office Equipment     39,959       50,049  
Furniture & Fixtures     29,939       29,939  
Machinery & Equipment     1,126,134       1,112,060  
Molds & Dies     799,202       756,279  
Leasehold Improvements     222,593       222,593  
      2,373,279       2,312,006  
Less                
Accumulated Depreciation     2,127,726       2,060,861  
                 
    $ 245,553     $ 251,145  

 

Depreciation expense was $65,264 and $93,615 for the three and nine months ended September 30, 2016 and $15,938 and $47,583 for the three and nine months ended September 30, 2015.

 

The Company disposed of a fully depreciated telephone system with no salvage value during the nine months ended September 30, 2016.