Annual report pursuant to Section 13 and 15(d)

Tooling and Equipment, Net

v2.4.0.8
Tooling and Equipment, Net
12 Months Ended
Dec. 31, 2013
Property, Plant and Equipment, Net [Abstract]  
Tooling and Equipment, Net
Note 10 — Tooling and Equipment, Net
 
Tooling and equipment consisted of the following:
 
 
 
December 31,
2013
 
December 31,
2012
 
 
 
 
 
 
 
 
 
Tooling and Manufacturing Equipment
 
$
1,748,006
 
$
1,685,006
 
Computers and Software
 
 
645,429
 
 
615,567
 
Furniture and Equipment
 
 
749,233
 
 
763,134
 
 
 
 
 
 
 
 
 
 
 
$
3,142,668
 
$
3,063,707
 
Less: Accumulated Depreciation
 
 
(2,696,339)
 
 
(2,398,740)
 
 
 
 
 
 
 
 
 
Net
 
$
446,329
 
$
664,967
 
 
Total depreciation expense for tooling and equipment for the years ending December 31, 2013 and 2012 was $322,861 and $409,421, respectively.