Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment, Net

v3.7.0.1
Property and Equipment, Net
6 Months Ended
Jun. 30, 2017
Property and Equipment, Net [Abstract]  
Property and Equipment, Net

Note 5—Property and Equipment, Net

 

Property and equipment, net consisted of the following:

 

   

June 30,
2017

(unaudited)

    December 31,
2016
 
Machinery and equipment   $ 4,311,000     $ 4,377,000  
Office furniture and fixtures     49,000       217,000  
Computer equipment and software     202,000       176,000  
Total cost     4,562,000       4,770,000  
Less accumulated depreciation     (1,732,000 )     (1,523,000 )
Net   $ 2,830,000     $ 3,247,000  

 

Assets recorded under capital leases and included in property and equipment in our balance sheets consist of the following:

 

   

June 30,
2017

(unaudited)

    December 31,
2016
 
Machinery and equipment   $ 27,000     $ 27,000  
Computer equipment and software     84,000       59,000  
Total assets under capital lease     111,000       86,000  
Less accumulated amortization     (77,000 )     (71,000 )
Net assets under capital lease   $ 34,000     $ 15,000  

 

Depreciation expense for the three and six months ended June 30, 2017 and 2016 consisted of the following:  

 

    Three Months Ended
June 30,
    Six Months Ended
June 30,
 
    2017     2016     2017     2016  
Research and development   $ 98,000     $ 103,000     $ 198,000     $ 203,000  
General and administrative     24,000       29,000       51,000       58,000  
    $ 122,000     $ 132,000     $ 249,000     $ 261,000  

 

Amortization of assets under capital lease was $2,000 for the three months ended June 30, 2017 and 2016, respectively, and $3,000 for the six months ended June 30, 2017 and 2016, respectively.