Property And Equipment, Net

12 Months Ended

Dec. 31, 2012

Property And Equipment, Net [Abstract]

Note 5 - Property and Equipment, Net

Property and equipment as of December 31, 2012 and 2011 was as follows:


			December 31,
	Life		2012		2011
Manufacturing equipment		3-5 years	$	602,000	$	1,980,000
Research equipment		5 years		37,000		37,000
Computer equipment		3-4 years		59,000		59,000
Furniture and fixtures		7 years		39,000		39,000
Property and equipment, gross				737,000		2,115000
Less: accumulated depreciation				721,000		2,098,000
Property and equipment, net			$	16,000	$	17,000

Depreciation expense for the years ended December 31, 2012 and 2011 was approximately $9,000 and $91,000, respectively, including amortization expense relating to research and development assets.

During 2012, the Company agreed to sell its manufacturing equipment located in the CM to Medica for approximately €42,500 or $55,000. All assets at the manufacturing plant were fully depreciated as of the date of the sale. Approximately €42,500 or $55,000 is recognized as other income on the consolidated statement of operations for the year ended December 31, 2012.

- Definition

The entire disclosure for long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. This disclosure may include property plant and equipment accounting policies and methodology, a schedule of property, plant and equipment gross, additions, deletions, transfers and other changes, depreciation, depletion and amortization expense, net, accumulated depreciation, depletion and amortization expense and useful lives, income statement disclosures, assets held for sale and public utility disclosures.

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