Annual report pursuant to Section 13 and 15(d)

Fixed Assets, Net

v3.8.0.1
Fixed Assets, Net
12 Months Ended
Dec. 31, 2017
Property, Plant and Equipment, Net [Abstract]  
Fixed Assets, Net
Note 3 — Fixed Assets, Net
 
Fixed Assets consisted of the following:
 
 
 
December 31,
2017
 
December 31,
2016
 
 
 
 
 
 
 
 
 
Tooling and Manufacturing Equipment
 
$
3,965,251
 
$
2,702,468
 
Leaseholds
 
 
443,332
 
 
403,737
 
Computers and Purchased Software
 
 
646,272
 
 
585,795
 
Furniture and Equipment
 
 
1,322,405
 
 
1,359,522
 
 
 
 
 
 
 
 
 
 
 
 
6,377,260
 
 
5,051,522
 
Less: Accumulated Depreciation
 
 
(2,252,794)
 
 
(1,686,614)
 
 
 
 
 
 
 
 
 
Fixed Assets, Net
 
$
4,124,466
 
$
3,364,908
 
  
Total depreciation expense for fixed assets for the years ended December 31, 2017, 2016 and 2015  was $921,113, $663,934 and $294,363, respectively.