PROPERTY AND EQUIPMENT

6 Months Ended

Jun. 30, 2021

Property, Plant and Equipment [Abstract]

PROPERTY AND EQUIPMENT

NOTE 4 – PROPERTY AND EQUIPMENT

Equipment for Lease

During the six months ended June 30, 2021 and 2020, the Company capitalized $45 thousand and $73 thousand (including a $51 thousand deposit made in fiscal 2019) respectively, in connection with the certification and production of the VerifyChecker™ and the VerifyAuthenticator^TM technology. The Company depreciates equipment for lease over its useful life of five years. Depreciation expense for Equipment for lease was $16 thousand and $27 thousand for the three and six months ended June 30, 2021, respectfully, and $12 thousand and $23 thousand for the three and six month ended June 30, 2020, respectively, and is included in General and administrative expense in the accompanying Statements of Operations.