Quarterly report pursuant to Section 13 or 15(d)

Property, Plant and Equipment

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Property, Plant and Equipment
 6 Months Ended
Jun. 30, 2017
Property, Plant and Equipment [Abstract]  
Property, Plant and Equipment

Note 7 - Property, Plant and Equipment

 

Property, plant and equipment consists of the following:

 

    June 30, 2017     December 31, 2016  
             
Computer Equipment   $ 114,771     $ 114,771  
Computer Software     40,681       40,681  
Office Equipment     39,959       39,959  
Furniture & Fixtures     38,356       29,939  
Machinery & Equipment     1,138,134       1,126,134  
Molds & Dies     851,254       834,480  
Leasehold Improvements     222,593       222,593  
      2,445,748       2,408,557  
Less                
Accumulated Depreciation     2,184,992       2,149,165  
                 
    $ 260,756     $ 259,392  

 

Depreciation expenses totaled $17,885 and $35,827 for the three and six months ended June 30, 2017 and $14,650 and $28,352 for the three and six months ended June 30, 2016.