PROPERTY AND EQUIPMENT, NET

12 Months Ended

Dec. 31, 2011

PROPERTY AND EQUIPMENT, NET [Abstract]

At December 31, property and equipment, net consists of the following:

	12/31/2011	12/31/2010
Production, engineering and other equipment	$6,702,194	$5,751,832
Leasehold improvements	2,904,188	2,901,002
Office equipment and furniture	603,182	577,226
Computer equipment and related software	140,238	140,246
	$10,349,802	$9,370,306
Accumulated depreciation	($7,160,804)	($6,455,426)
Property and equipment, net	$3,188,998	$2,914,880

Depreciation expense was $715,723 and $856,094 for the years ended December 31, 2011 and 2010, respectively. During the year ended December 31, 2010, the Company sold three fixed assets with a combined net book value of $114,159 in exchange for cash of $73,800 and recorded a loss on sale of $40,359.

- 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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