Annual report pursuant to Section 13 and 15(d)

Tooling and Equipment, Net

v3.3.1.900
Tooling and Equipment, Net
12 Months Ended
Dec. 31, 2015
Property, Plant and Equipment, Net [Abstract]  
Tooling and Equipment, Net
Note 3 — Tooling and Equipment, Net
 
Tooling and equipment consisted of the following:
 
 
 
December 31,
 
December 31,
 
 
 
2015
 
2014
 
 
 
 
 
 
 
 
 
Tooling and Manufacturing Equipment
 
$
1,082,845
 
$
1,374,751
 
Leaseholds
 
 
365,766
 
 
 
Computers and Software
 
 
519,226
 
 
581,472
 
Furniture and Equipment
 
 
1,089,718
 
 
607,327
 
 
 
 
 
 
 
 
 
 
 
 
3,057,555
 
 
2,563,550
 
Less: Accumulated Depreciation
 
 
(1,042,122)
 
 
(2,146,585)
 
 
 
 
 
 
 
 
 
Net
 
$
2,015,433
 
$
416,965
 
 
Total depreciation expense for tooling and equipment for the years ending December 31, 2015 and 2014 was $294,363 and $225,267, respectively.