Annual report pursuant to Section 13 and 15(d)

Fixed Assets, Net

v3.6.0.2
Fixed Assets, Net
12 Months Ended
Dec. 31, 2016
Property, Plant and Equipment, Net [Abstract]  
Fixed Assets, Net
Note 4 — Fixed Assets, Net
 
Fixed Assets consisted of the following:
 
 
 
December 31,
2016
 
December 31,
2015
 
 
 
 
 
 
 
 
 
Tooling and Manufacturing Equipment
 
$
2,702,468
 
$
1,082,845
 
Leaseholds
 
 
403,737
 
 
365,766
 
Computers and Software
 
 
585,795
 
 
519,226
 
Furniture and Equipment
 
 
1,359,522
 
 
1,089,718
 
 
 
 
 
 
 
 
 
 
 
 
5,051,522
 
 
3,057,555
 
Less: Accumulated Depreciation
 
 
(1,686,614)
 
 
(1,042,122)
 
 
 
 
 
 
 
 
 
Fixed Assets, Net
 
$
3,364,908
 
$
2,015,433
 
  
Total depreciation expense for tooling and equipment for the years ended December 31, 2016 and 2015 was $663,934 and $294,363, respectively.