Quarterly report pursuant to Section 13 or 15(d)

Property, Plant and Equipment

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Property, Plant and Equipment
 3 Months Ended
Mar. 31, 2016
Property, Plant and Equipment [Abstract]  
Property, Plant and Equipment

Note 6 - Property, Plant and Equipment

 

Property, plant and equipment as of March 31, 2016 and December 31, 2015 are as follows:

 

    2016     2015  
                 
Computer Equipment   $ 110,649     $ 100,405  
Computer Software     40,681       40,681  
Office Equipment     39,959       50,049  
Furniture & Fixtures     29,939       29,939  
Machinery & Equipment     1,126,005       1,112,060  
Molds & Dies     799,202       756,279  
Leasehold Improvements     222,593       222,593  
      2,369,028       2,312,006  
Less                
Accumulated Depreciation     2,047,813       2,060,861  
                 
    $ 321,215     $ 251,145  

 

Depreciation expense was $13,702 and $15,706 for the three months ended March 31, 2016 and 2015.

 

The Company disposed of a fully depreciated telephone system with no salvage value during the three months ended March 31, 2016.