Property And Equipment, Net

12 Months Ended

Dec. 31, 2016

Property And Equipment, Net [Abstract]

6. PROPERTY AND EQUIPMENT, NET

Property and equipment, at cost, consisted of the following at December 31, 2016 and 2015:



	2016		2015
Equipment and software	$	7,776,554	$	8,269,840
Tooling		93,890		93,890
Leasehold improvements		925,679		925,679
Furniture and fixtures		502,397		502,396
		9,298,520		9,791,805
Less accumulated depreciation		(9,029,268)		(9,346,262)
	$	269,252	$	445,543

Depreciation expense related to property and equipment was $171,884, $187,653, and $156,258 in 2016, 2015, and 2014, respectively.

The cost of our property and equipment includes office and engineering equipment purchased under capital lease agreements totaling $291,873 at both December 31, 2016 and 2015. Depreciation expense related to property and equipment includes depreciation related to capital leases of approximately $59,126, $49,804, and $31,794 for the periods ended December 31, 2016, 2015, and 2014, respectively. Accumulated depreciation includes accumulated depreciation related to capital leases as of December 31, 2016 and 2015 of $156,482 and $97,356, respectively.

Our capital leases have original terms of one to three years. The principal payments for these capital leases are reflected as cash outflows from financing activities in the accompanying consolidated statements of cash flows. Future minimum lease payments under our capital leases that have initial terms in excess of one year are included in “Contractual Obligations” in Note 13.