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PROPERTY AND EQUIPMENT | 9 Months Ended
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Sep. 30, 2014
Property And Equipment |
PROPERTY AND EQUIPMENT | Note 5. PROPERTY AND EQUIPMENT The components of property and equipment consisted of the following:
|  | September 30, |  |  | December 31, |  |
|  | 2014 |  |  | 2013 |  |
|  | (Unaudited) |  |  |  |  |
Machinery and Equipment |  | $ | 6,537,000 |  |  | $ | 6,251,000 |  | 5 - 8 years
Capital Lease Machinery and Equipment |  |  | 5,261,000 |  |  |  | 5,261,000 |  | 5 - 8 years
Tools and Instruments |  |  | 5,491,000 |  |  |  | 5,009,000 |  | 1.5 - 7 years
Automotive Equipment |  |  | 140,000 |  |  |  | 59,000 |  | 5 years
Furniture and Fixtures |  |  | 260,000 |  |  |  | 257,000 |  | 5 - 8 years
Leasehold Improvements |  |  | 646,000 |  |  |  | 646,000 |  | Term of Lease
Computers and Software |  |  | 369,000 |  |  |  | 357,000 |  | 4-6 years
Total Property and Equipment |  |  | 18,704,000 |  |  |  | 17,840,000 |  |
Less: Accumulated Depreciation |  |  | (12,961,000 | ) |  |  | (11,317,000 | ) |
Property and Equipment, net |  | $ | 5,743,000 |  |  | $ | 6,523,000 |  |
Depreciation expense for the three months ended September 30, 2014 and 2013 was approximately $512,000 and $441,000, respectively. Depreciation expense for the nine months ended September 30, 2014 and 2013 was approximately $1,680,000 and $1,242,000, respectively.

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- 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. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6391035&loc=d3e2868-110229 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6391110&loc=d3e2921-110230 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6360339&loc=d3e1361-107760 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.13-14) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 + Details
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