Quarterly report pursuant to Section 13 or 15(d)

Property, Plant and Equipment

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Property, Plant and Equipment
 9 Months Ended
Sep. 30, 2015
Property, Plant and Equipment [Abstract]  
Property, Plant and Equipment

Note 7 - Property, Plant and Equipment

 

Property, plant and equipment as of September 30, 2015 and December 31, 2014 are as follows:

 

    2015     2014  
             
Computer Equipment   $ 100,405     $ 100,405  
Computer Software     40,681       30,736  
Office Equipment     50,049       50,049  
Furniture & Fixtures     29,939       29,939  
Machinery & Equipment     1,112,060       1,111,005  
Molds & Dies     703,582       654,327  
Leasehold Improvements     222,593       222,594  
      2,259,309       2,199,055  
Less                
Accumulated Depreciation     2,045,155       1,997,572  
                 
    $ 214,154     $ 201,483  

 

Depreciation expense was $15,938 and $47,583 for the three and nine months ended September 30, 2015 and $23,233 and $67,593 for the three and nine months ended September 30, 2014.