Quarterly report pursuant to sections 13 or 15(d)

Property and Equipment Net

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Property and Equipment Net
 3 Months Ended
Mar. 31, 2014
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:

 

    March 31, 2014     December 31, 2013  
Research and development equipment   $ 686,673     $ 686,673  
Leasehold improvements     153,161       153,161  
Information technology equipment     105,319       105,319  
Furniture and office equipment     78,678       78,678  
Software     9,386       9,386  
      1,033,217       1,033,217  
Less accumulated depreciation     (1,008,905 )     (1,007,176 )
Total property and equipment, net   $ 24,312     $ 26,041  

 

Depreciation expense was $1,728, $536, and $1,256,591, for the three-month periods ended March 31, 2014 and 2013, and for the period from inception to March 31, 2014, respectively.