XML 77 R15.htm IDEA: XBRL DOCUMENT v2.4.0.8
Fixed Assets Fixed Assets
 12 Months Ended
Dec. 31, 2013
Property, Plant and Equipment [Abstract]  
Fixed Assets
Fixed Assets
Fixed assets at December 31, 2013 and 2012 consist of the following:
 
 
Cost
 
Accumulated
Depreciation
and
Amortization
 
Net Book
Value
As of December 31, 2013
 
 
 
 
 
Machinery, equipment and office furniture
$
2,381,033

 
$
(1,807,706
)
 
$
573,327

Leasehold improvements
2,420,940

 
(107,722
)
 
2,313,218

 
$
4,801,973

 
$
(1,915,428
)
 
$
2,886,545

As of December 31, 2012
 
 
 
 
 
Machinery, equipment and office furniture
$
2,014,588

 
$
(1,731,660
)
 
$
282,928

Leasehold improvements
466,135

 
(386,042
)
 
80,093

 
$
2,480,723

 
$
(2,117,702
)
 
$
363,021



Depreciation expense for the years ended December 31, 2013, 2012 and 2011 was $329,000, $174,000 and $142,000, respectively. The Company determined that the carrying value of these long-lived assets was not impaired for the periods presented.