Property And Equipment

12 Months Ended

Dec. 31, 2017

PROPERTY AND EQUIPMENT

PROPERTY AND EQUIPMENT

8. PROPERTY AND EQUIPMENT

Major classes of property and equipment, stated at cost, as of December 31, 2017 and 2016 are as follows:

	2017		2016
Leasehold Improvements	$	824,087	$	728,151
Machinery and Equipment		7,893,566		7,169,223
Information Technology & Office Equipment		2,327,524		2,293,587
Laboratory Equipment		631,666		610,767
Transportation Equipment		242,277		265,198
		11,919,120		11,066,926
Accumulated Depreciation		(9,370,142)		(9,675,351)
Net Property and Equipment	$	2,548,978	$	1,391,575

Below is a summary of depreciation expense by period:

	2017		2016		2015
Depreciation expense	$	514,009	$	601,093	$	655,265