PROPERTY AND EQUIPMENT, NET

6 Months Ended

Jun. 30, 2011

PROPERTY AND EQUIPMENT, NET [Abstract]

At June 30, 3011 and December 31, 2010, property and equipment, net consists of the following:

	6/30/2011	12/31/2010
Production, engineering and other equipment	$6,648,307	$5,751,832
Leasehold improvements	2,904,188	2,901,002
Office equipment and furniture	577,226	577,226
Computer equipment and related software	129,899	140,246
	$10,259,620	$9,370,306
Accumulated depreciation	($6,782,358)	($6,455,426)
Property and equipment, net	$3,477,262	$2,914,880

Depreciation expense was $172,333 and $190,663 for the three months ended June 30, 2011 and June 30, 2010 respectively. Depreciation expense was $337,278 and $390,710 for the six months ended June 30, 2011 and June 30, 2010 respectively. During 2011, the company has not sold any equipment. During 2010, the Company sold equipment with a net book value of $114,160 for a total of $73,800. The Company recognized a loss of $40,359 with respect to such sale of equipment.

- Definition

The entire disclosure for long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. This disclosure may include property plant and equipment accounting policies and methodology, a schedule of property, plant and equipment gross, additions, deletions, transfers and other changes, depreciation, depletion and amortization expense, net, accumulated depreciation, depletion and amortization expense and useful lives, income statement disclosures, assets held for sale and public utility disclosures.

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