Annual report pursuant to Section 13 and 15(d)

Fixed Assets, Net

v3.19.1
Fixed Assets, Net
12 Months Ended
Dec. 31, 2018
Property, Plant and Equipment, Net [Abstract]  
Fixed Assets, Net
Note 5 — Fixed Assets, Net
 
Fixed Assets consisted of the following:
 
 
 
December 31,

2018
 
 
December 31,

2017
 
 
 
 
 
 
 
 
Tooling and Manufacturing Equipment
 
$
4,199,309
 
 
$
3,965,251
 
Leaseholds
 
 
487,957
 
 
 
443,332
 
Computers and Purchased Software
 
 
937,946
 
 
 
646,272
 
Furniture and Equipment
 
 
1,721,963
 
 
 
1,322,405
 
 
 
 
 
 
 
 
 
 
 
 
 
7,347,175
 
 
 
6,377,260
 
Less: Accumulated Depreciation
 
 
(3,055,485
)
 
 
(2,252,794
)
 
 
 
 
 
 
 
 
 
Fixed Assets, Net
 
$
4,291,690
 
 
$
4,124,466
 
  
Total depreciation expense for fixed assets for the years ended December 31, 2018, 2017 and 2016 was $1,273,527, $921,113 and $663,943, respectively.