Property, Plant and Equipment

12 Months Ended

Dec. 31, 2013

8. Property, Plant and Equipment

Property, plant and equipment at December 31, 2013 and 2012 consist of the following:

	December 31,		December 31,
	2013		2012
Land	$	90,000	$	90,000
Buildings	15,332,232		15,332,232
Building improvements	4,923,827		4,939,283
Software, machinery and equipment	10,658,236		13,741,573
	31,004,295		34,103,088
Less accumulated depreciation	(25,726,628)		(27,394,851)
Property, plant, and equipment, net	$	5,277,667	$	6,708,237

Depreciation expense related to property, plant and equipment was $1.4 million, $1.9 million and $2.1 million for the years ended December 31, 2013, 2012 and 2011, respectively.

- Definition

The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.

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