Property and Equipment

12 Months Ended

Dec. 31, 2014

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment Disclosure [Text Block]

Note 6 Property and Equipment

The major classes of property and equipment consist of the following at December 31:

	2014		2013
Furniture and fixtures	$	22,603	$	21,036
Computers and office equipment		100,105		58,741
Lab equipment		661,789		497,328
		784,497		577,105
Less accumulated depreciation		(483,232)		(346,134)
Property and equipment, net	$	301,265	$	230,971

The above includes approximately $77,000 of equipment located at our research facility in China. Property and equipment are recorded at cost and are depreciated using the straight-line method over the estimated useful lives of the respective assets. Depreciation expense for the years ended December 31, 2014, 2013 and 2012 was approximately $137,000, $126,000 and $101,000, respectively.

- Definition

The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.

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