Property and Equipment

12 Months Ended

Dec. 31, 2013

Property, Plant and Equipment [Abstract]

Note 6: Property and Equipment

The following is a summary of equipment, at cost, less accumulated depreciation at December 31, 2013 and 2012:

	December 31,
	2013		2012

Computers and office fixtures	$	47,817	$	43,639
Machinery and equipment		424,900		424,900
Leasehold improvements		-		11,000
		472,717		479,539

Less accumulated depreciation		456,800		393,947

	$	15,917	$	85,592

Depreciation expense for the years ended December 31, 2013 and 2012 was $73,853 and $162,853, respectively. Repairs and maintenance are charged to expense as incurred while improvements are capitalized. Upon the sale, retirement or disposal of fixed assets, the accounts are relieved of the cost and the related accumulated depreciation with any gain or loss recorded to the consolidated statements of operations.

- 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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