v3.5.0.2
6. Property and Equipment, net
 12 Months Ended
Dec. 31, 2014
Property, Plant and Equipment [Abstract]  
Property and Equipment, net

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

 

       Additions     
Description  December 31, 2013   Participation Agreement   Merger   Contribution Agreement   Purchases   December 31, 2014 
Equipment  $–   $190,231   $11,660   $–   $167,797   $369,688 
Furniture and Fixtures   202,980    55,871    25,617    28,414    929    313,811 
Leasehold Improvements   15,390    713    6,521    –    113,328    135,952 
Total property and equipment   218,370    246,815    43,798    28,414    282,054    819,451 
Accumulated depreciation   (117,638)   (117,062)   (14,770)   (25,270)   (93,816)   (368,556)
Property and equipment, net  $100,732   $129,753   $29,028   $3,144   $188,238   $450,895 

 

Depreciation expense for the year ended December 31, 2014 and December 31, 2013 was approximately $224,000 and $39,490, respectively. Depreciation expense associated with tooling equipment of approximately $122,000 and $0 was included within cost of revenues for the year ended December 31, 2014 and December 31, 2013, respectively.