Property and Equipment

12 Months Ended

Dec. 31, 2014

Notes to Financial Statements

Property and Equipment

Property and equipment consisted of the following at December 31:

	2014			2013
Computers and software	$	59,000		$	59,000
Machinery and equipment		209,000			251,000
Furniture and office equipment		86,000			86,000
Demonstration vehicles and buses		127,000			127,000
		481,000			523,000
Less accumulated depreciation and amortization		(481,000	)		(443,000	)
Total	$	-		$	80,000

Depreciation and amortization expense was $38,000 and $130,000 for the years ended December 31, 2014 and 2013, respectively, which included amortization expense of leasehold improvements of $23,000 for the year ended December 31, 2013.

Fixed assets totaling $0 and $405,000 were retired or disposed of in the years ended December 31, 2014 and 2013, respectively. For the year ended December 31, 2013, fixed assets with an original book value of $272,000 were exchanged in settlement of vendor payables, two vehicles were sold and four vehicles was repossessed.  For the year ended December 31, 2013, the Company recorded proceeds from the sale of fixed assets of $29,000 and a loss on the disposal of fixed assets of $29,000.  In addition, the Company’s headquarters lease expired on January 31, 2013, which resulted in a decrease in gross leasehold improvements in the amount of $1,327,000 and a net book value of zero.  For the year ended December 31, 2014, the Company recorded an impairment loss of $42,000.