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5. PROPERTY AND EQUIPMENT (Tables)

6 Months Ended

Jun. 30, 2012

The components of property and equipment consisted of the following:

	June 30,			December 31,
	2012			2011
	(Unaudited)
Machinery and Equipment	$	5,501,000		$	3,700,000		5 - 8 years
Capital Lease Machinery and Equipment		3,877,000			3,877,000		5 - 8 years
Tools and Instruments		3,456,000			3,417,000		1.5 - 7 years
Automotive Equipment		55,000			55,000		5 years
Furniture and Fixtures		231,000			219,000		5 - 8 years
Leasehold Improvements		612,000			595,000		Term of Lease
Computers and Software		173,000			158,000		4-6 years
Total Property and Equipment		13,905,000			12,021,000
Less: Accumulated Depreciation		(8,765,000	)		(8,050,000	)
Property and Equipment, net	$	5,140,000		$	3,971,000

- Definition

Tabular disclosure of the useful life and salvage value of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software.

+ References+ Details