Property and Equipment

9 Months Ended

Sep. 30, 2016

Property and Equipment [Abstract]

PROPERTY AND EQUIPMENT

4. 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 nine months ended September 30, 2016, the Company invested $6,140 in shop machinery and equipment, $4,981 in computers and electronics and $2,978 in office furniture and fixtures. Depreciation expense was $25,132 and $10,809 for the nine months ended September 30, 2016 and 2015, respectively. Property and equipment consisted of the following at September 30, 2016 and December 31, 2015: 

	September 30, 2016			December 31, 2015
Shop machinery and equipment	$	87,029		$	80,889
Computers and electronics		33,892			28,911
Office furniture and fixtures		36,955			33,977
Leasehold improvements		19,514			19,514
		177,390			163,291
Less - accumulated depreciation		(52,127	)		(26,995	)
	$	125,263		$	136,296