General form of registration statement for all companies including face-amount certificate companies

Property and Equipment, net

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

5. Property and Equipment, net

 

Property and equipment, net, consists of the following:

 

    Estimated   December 31,  
    Life   2013     2012  
                 
Machinery and equipment   3-5 years   $ 1,137,240     $ 790,165  
Computers and peripherals   5 years     327,152       326,443  
Computer software   3-5 years     78,351       78,351  
Leasehold improvement   5-10 years     606,483       598,740  
Tools, molds, dies and jigs   5 years     36,932       36,932  
Furniture and office equipment   3-7 years     251,019       251,019  
Other   5 years     23,079       23,079  
          2,460,256       2,104,729  
Accumulated depreciation and amortization         (884,970 )     (439,538 )
 Property and equipment, net       $ 1,575,286     $ 1,665,191  

 

Depreciation and amortization expense totaled $468,906 and $342,078 in 2013 and 2012, respectively.