Property and Equipment

9 Months Ended

Sep. 30, 2017

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, 2017, the Company invested $675 in shop machinery and equipment. Depreciation expense was $26,350 and $25,132 for the nine months ended September 30, 2017 and 2016, respectively. Property and equipment consists of the following at September 30, 2017 and December 31, 2016:

	September 30, 2017			December 31, 2016
Shop machinery and equipment	$	87,704		$	87,029
Computers and electronics		35,270			35,270
Office furniture and fixtures		37,814			37,814
Leasehold improvements		19,514			19,514
		180,302			179,627
Less - accumulated depreciation		(87,134	)		(60,784	)
	$	93,168		$	118,843