Annual report pursuant to section 13 and 15(d)

Property and Equipment Net

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Property and Equipment Net
 12 Months Ended
Dec. 31, 2013
Property, Plant and Equipment [Abstract]  
Property and Equipment, net

NOTE 4 – PROPERTY AND EQUIPMENT, net

 

Property and equipment, net, consists of the following as of December 31:

 

    2013     2012  
Research and development equipment   $ 686,673     $ 686,673  
Leasehold improvements     153,161       153,161  
Furniture and office equipment     78,678       78,678  
Information technology equipment     105,319       75,060  
Software     9,386       9,386  
      1,033,217       1,002,958  
Less accumulated depreciation     (1,007,176 )     (1,001,554 )
Total property and equipment, net   $ 26,041     $ 1,404  

 

Depreciation expense was $5,622, $92,596, and $1,007,176, for the years ended December 31, 2013 and 2012, and for the period from inception (March 23, 2006) to December 31, 2013, respectively.