Annual report pursuant to section 13 and 15(d)

4. Property and Equipment

4. Property and Equipment

12 Months Ended

Dec. 31, 2012

Property, Plant and Equipment [Abstract]

At December 31, 2012 and 2011, property and equipment consists of the following:

	December 31,
	2012			2011
Office equipment	$	91,288		$	75,685
Furniture and fixtures		16,128			15,589
Machinery and equipment		49,986			49,986
Testing equipment		147,312			147,312
Subtotal		304,714			288,572
Less accumulated depreciation		(249,040	)		(212,963	)
Total	$	55,674		$	75,609

Depreciation expense for the years ended December 31, 2012 and 2011 was $36,077 and $34,717, respectively. Depreciation expense for the period from inception February 18, 1998 through December 31, 2012 was $530,976.

- Definition

The entire disclosure for long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. This disclosure may include property plant and equipment accounting policies and methodology, a schedule of property, plant and equipment gross, additions, deletions, transfers and other changes, depreciation, depletion and amortization expense, net, accumulated depreciation, depletion and amortization expense and useful lives, income statement disclosures, assets held for sale and public utility disclosures.

+ References + Details