PROPERTY AND EQUIPMENT

12 Months Ended

Dec. 31, 2013

9. PROPERTY AND EQUIPMENT:

Property and equipment at cost, consists of the following:

December 31,	2013			2012

Leasehold improvements	$	997,000		$	997,000
Computer equipment		1,021,000			829,000
Machinery and equipment		1,753,000			1,711,000
Autos		27,000			27,000
Furniture and fixtures		936,000			831,000
		4,734,000			4,395,000
Accumulated depreciation and amortization		(3,759,000	)		(3,296,000	)
	$	975,000		$	1,099,000

The Company recognized, on a straight-line basis, depreciation and amortization expense of $463,000 and $288,000 for the years ended December 31, 2013 and 2012, respectively. During 2013, the Company recorded approximately $161,000 of accelerated amortization and depreciation expense relating to a change in useful life on certain TDL fixed assets associated with the decision to consolidate the operations of our Quakertown, PA based TDL facility into our Hauppauge, NY facility.

- 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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