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Property, Plant and Equipment

12 Months Ended

Dec. 31, 2014

Property, Plant and Equipment [Abstract]

NOTE 5 – PROPERTY, PLANT AND EQUIPMENT

Property, plant and equipment are summarized as follows at December 31, 2014 and 2013:


	2014		2013		Estimated Useful Lives
Furniture and fixtures	$	382,966	$	385,616	3 - 5 years
Transportation equipment		117,726		117,726	5 - 10 years
Plant and improvements		463,754		463,754	5 years
Production equipment		3,348,829		3,267,799	5 - 10 years
		4,313,275		4,234,895
Accumulated depreciation		(2,098,425)		(1,963,742)
	$	2,214,850	$	2,271,153

Depreciation expense was $137,861 and $272,237 for the years ended December 31, 2014 and 2013, respectively.

- 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.

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