Annual report pursuant to Section 13 and 15(d)

Property, Plant and Equipment

v2.4.1.9
Property, Plant and Equipment
12 Months Ended
Dec. 31, 2014
Property, Plant and Equipment [Abstract]  
Property, Plant and Equipment

Note 7 - Property, Plant and Equipment

 

Property, plant and equipment as of December 31, 2014 and 2013 are as follows:

 

    2014     2013  
                 
Computer Equipment   $ 100,405     $ 100,405  
Computer Software     30,736       22,930  
Office Equipment     50,049       50,049  
Furniture & Fixtures     29,939       29,939  
Machinery & Equipment     1,111,005       1,098,503  
Molds & Dies     654,327       649,647  
Leasehold Improvements     222,594       222,594  
      2,199,055       2,174,067  
Less                
Accumulated Depreciation     1,997,572       1,906,746  
                 
    $ 201,483     $ 267,321  

 

During the years ended December 31, 2014 and 2013 depreciation expense was $90,826 and $95,825.