Note 3 – Long-lived Assets
The following table summarizes the Company’s long-lived assets as of:
| |
|
September 30, 2012
|
|
|
December 31, 2011
|
|
|
Property and equipment
|
|
|
|
|
|
|
|
Equipment
|
|
$
|
261,232
|
|
|
$
|
244,799
|
|
|
Furniture and fixtures
|
|
|
38,950
|
|
|
|
38,950
|
|
|
Software
|
|
|
71,625
|
|
|
|
71,625
|
|
|
Product Tooling
|
|
|
51,373
|
|
|
|
51,373
|
|
|
Total property and equipment before accumulated depreciation
|
|
|
423,180
|
|
|
|
406,747
|
|
| |
|
|
|
|
|
|
|
|
|
Less accumulated depreciation
|
|
|
(243,856
|
)
|
|
|
(158,889
|
)
|
|
Total property and equipment
|
|
$
|
179,324
|
|
|
$
|
247,858
|
|
|
Intangible assets
|
|
|
|
|
|
|
|
|
|
Patents
|
|
$
|
34,862
|
|
|
$
|
34,862
|
|
|
Trademark
|
|
|
4,525
|
|
|
|
4,525
|
|
|
Total intangible assets before accumulated amortization
|
|
|
39,387
|
|
|
|
39,387
|
|
| |
|
|
|
|
|
|
|
|
|
Less accumulated amortization
|
|
|
(8,096
|
)
|
|
|
(6,362
|
)
|
|
Total intangible assets
|
|
$
|
31,291
|
|
|
$
|
33,025
|
|
|