Annual report pursuant to Section 13 and 15(d)

Property and Equipment, Net

v3.8.0.1
Property and Equipment, Net
12 Months Ended
Dec. 31, 2017
Property and Equipment, Net [Abstract]  
Property and Equipment, Net

Note 5—Property and Equipment, Net

 

Property and equipment, net consisted of the following:

 

   

December 31,

2017

   

December 31,

2016

 
Machinery and equipment   $ 4,225,000     $ 4,377,000  
Computer equipment and software     202,000       176,000  
Office furniture and fixtures     49,000       217,000  
Total cost     4,476,000       4,770,000  
Less accumulated depreciation     (1,816,000 )     (1,523,000 )
Net   $ 2,660,000     $ 3,247,000  

 

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

 

   

December 31,

2017

   

December 31,

2016

 
Machinery and equipment   $ 27,000     $ 27,000  
Computer equipment and software     39,000       59,000  
Total assets under capital lease     66,000       86,000  
Less accumulated amortization     (41,000 )     (71,000 )
Net assets under capital lease   $ 25,000     $ 15,000  

 

Depreciation expense for the years ended December 31:

 

    2017     2016  
Research and development   $ 355,000     $ 412,000  
General and administrative     62,000       116,000  
    $ 417,000     $ 528,000  

 

Amortization of assets under capital lease was $16,000 and $25,000 for the years ended December 31, 2017 and 2016, respectively.