PROPERTY AND EQUIPMENT

12 Months Ended

Dec. 31, 2016

PROPERTY AND EQUIPMENT

PROPERTY AND EQUIPMENT

8. PROPERTY AND EQUIPMENT

Major classes of property and equipment, stated at cost, as of December 31, 2016 and 2015 are as follows:

	2016		2015
Leasehold Improvements	$	728,151	$	682,992
Machinery and Equipment		7,169,223		7,042,836
Information Technology & Office Equipment		2,293,587		2,273,289
Laboratory Equipment		610,767		668,607
Transportation Equipment		265,198		273,109
		11,066,926		10,940,833
Accumulated Depreciation		(9,675,351)		(9,294,265)
Net Property and Equipment	$	1,391,575	$	1,646,568

Below is a summary of depreciation expense by period:

	2016		2015		2014
Depreciation expense	$	601,093	$	655,265	$	829,292