Property and Equipment

6 Months Ended

Jun. 30, 2015

Property and Equipment [Abstract]

PROPERTY AND EQUIPMENT

3. PROPERTY AND EQUIPMENT

Property and equipment is recorded at cost when acquired.  Depreciation is provided principally on the straight-line method over the estimated useful lives of the related assets, which is 3-7 years for equipment, furniture and fixtures, hardware and software and leasehold improvements.   During the six months ended June 30, 2015, the Company invested $20,950 in shop machinery and equipment, $8,931 in computers and electronics, $19,392 office furniture and fixtures and additional $14,769 in leasehold improvements. Depreciation expense was $5,160 and $181 for the six months ended June 30, 2015 and 2014, respectively. Property and equipment consists of the following at June 30, 2015 and December 31, 2014:

	June 30, 2015			December 31, 2014
Shop Machinery and equipment	$	40,904		$	19,954
Computers and electronics		21,006			12,075
Office furniture and fixtures		21,427			2,035
Leasehold improvements		14,769			-
		98,106			34,064
Less - accumulated depreciation		(12,200	)		(7,040	)
	$	85,906		$	27,024