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Note 5 - Property and Equipment

12 Months Ended

Dec. 31, 2014

NOTE 5 – PROPERTY AND EQUIPMENT

Property and equipment were comprised of the following at:

	December 31, 2014	December 31, 2013
Capital Equipment	$ 1,938,696	$ 2,461,728
Leasehold improvements	36,686	119,536
Total	1,748,144	2,581,264
Accumulated Depreciation	(1,852,381)	(2,439,206)
Net Fixed Assets	$ 123,001	$ 142,058

- 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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