v3.4.0.3
6. Property and Equipment, net
 9 Months Ended
Sep. 30, 2014
Property, Plant and Equipment [Abstract]  
Property and Equipment, net

The following table summarizes our property and equipment at September 30, 2014 and December 31, 2013:

 

     Additions     
Description  December 31, 2013   Participation
Agreement		   Merger   Contribution
Agreement		   Purchases   September 30, 2014 
Equipment  $–   $190,231   $11,660   $–   $162,402   $364,293 
Furniture and Fixtures   202,980    55,871    25,617    28,414    –    312,882 
Leashold Improvements   15,390    714    6,521    –    113,328    135,953 
Total property and equipment   218,370    246,816    43,798    28,414    275,730    813,128 
Accumulated depreciation   (117,638)   (82,862)   (9,847)   (24,372)   (40,290)   (275,009)
Property and equipment, net  $100,732   $163,954   $33,951   $4,042   $235,440   $538,119 

 

Depreciation expense for the three and nine month periods ended September 30, 2014 was approximately $79,700 and $157,400, respectively. For the three and nine month periods ended September 30, 2013 depreciation expense was approximately $4,300 and $13,000, respectively. Depreciation expense associated with tooling equipment of approximately $82,700 and $54,000 was included within cost of revenues for the three and nine month periods ended September 30, 2014, respectively.