Annual report pursuant to Section 13 and 15(d)

Property, plant and equipment

v3.6.0.2
Property, plant and equipment
12 Months Ended
Dec. 31, 2016
Property, Plant and Equipment [Abstract]  
Property, plant and equipment
Property, plant and equipment
Property, plant and equipment at December 31, 2016 and 2015 consisted of the following:
 
Estimated Useful
Life (in Years)
 
2016
 
2015
Machinery and equipment
5 - 7 years
 
$
1,009,893

 
$
953,081

Furniture and fixtures
5 years
 
141,874

 
113,842

Computer software
3 - 5 years
 
102,415

 
67,215

Leasehold improvements
*
 
437,341

 
437,341

 
 
 
1,691,523

 
1,571,479

Less - accumulated depreciation and amortization
 
 
(1,174,380
)
 
(1,027,725
)
Net property, plant and equipment
 
 
$
517,143

 
$
543,754


* Lesser of estimated useful life of asset or lease term
Depreciation and amortization expense on property and equipment for the years ended December 31, 2016 and 2015 was $165,695 and $172,006, respectively.