Other Balance Sheet Information

6 Months Ended

Jun. 30, 2016

Notes to Financial Statements

Other Balance Sheet Information

 Components of selected captions in the accompanying balance sheets consist of:

Prepaid expenses:	June 30, 2016 (unaudited)			December 31, 2015
Prepaid insurance	$	8,799		$	26,396
Prepaid expenses	$	8,799		$	26,396
Property and equipment:
Computers and office furniture, fixtures and equipment	$	28,031		$	28,031
Machinery and equipment		5,475			5,475
Less: accumulated depreciation		(32,955	)		(32,408	)
Property and equipment, net	$	551		$	1,098
Accrued expenses:
Other Accrued expenses	$	15,174			34,366
Accrued expenses	$	15,174			34,366

Property and equipment are stated at cost. Depreciation is computed using the straight-line method over the estimated useful lives of the assets. The Company’s property and equipment at June 30, 2016 consisted of computer and office equipment, machinery and equipment with estimated useful lives of three to seven years. Depreciation expense for the three and six months ended June 30, 2016 was $274 and $548, while depreciation expense for the three and six months ended June 30, 2015 was $274 and $547, respectively.

Expenditures for repairs and maintenance are expensed as incurred.