PROPERTY AND EQUIPMENT, NET (Tables)

6 Months Ended

Jun. 30, 2013

PROPERTY AND EQUIPMENT, NET [Abstract]

At June 30, 2013 and December 31, 2012, property and equipment, net consists of the following:

	6/30/13	12/31/12
Production, engineering and other equipment	$6,426,432	$6,426,432
Leasehold improvements	2,904,188	2,904,188
Office equipment and furniture	603,182	603,182
Computer equipment and related software	140,238	140,238
	$10,074,040	$10,074,040
Accumulated depreciation	($7,950,054)	($7,628,075)
Property and equipment, net	$2,123,986	$2,445,965

- Definition

Tabular disclosure of the useful life and salvage value of 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.

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