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Furniture, Fixtures and Equipment
12 Months Ended
Dec. 31, 2019
Property, Plant and Equipment [Abstract]  
Furniture, Fixtures and Equipment

NOTE 5. FURNITURE, FIXTURES AND EQUIPMENT

 

Furniture, fixtures and equipment consisted of the following at December 31, 2019 and 2018:

 

    Estimated Useful Life   December 31, 2019     December 31, 2018  
Office furniture, fixtures and equipment   3-10 years   $ 397,795     $ 802,681  
Warehouse and production equipment   3-5 years     210,700       526,932  
Demonstration and tradeshow equipment   2-5 years     252,001       426,582  
Leasehold improvements   2-5 years     163,171       160,198  
Rental equipment   1-3 years     93,923       124,553  
Total cost         1,117,591       2,040,946  
Less: accumulated depreciation and amortization         (920,528 )     (1,793,405 )
                     
Net furniture, fixtures and equipment       $ 197,063     $ 247,541  

 

Depreciation and amortization of furniture, fixtures and equipment aggregated $254,491 and $385,104 for the years ended December 31, 2019 and 2018, respectively. The cost and accumulated depreciation related to assets sold or retired are removed from the accounts and any gain or loss is credited or charged to income. The Company retired fixed assets during 2019 totaling $1,127,368, all of which were fully depreciated resulting in no gain or loss for the year ended December 31, 2019.