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6. Property and Equipment

12 Months Ended

Dec. 31, 2014

Property, Plant and Equipment [Abstract]

Note 6 – Property and Equipment

Property and equipment consists of the following:

	December 31,					Estimated Useful Life
	2014		2013			(Years)
Computers and software	$	—	$	210,849			5
Office furniture and fixtures		—		70,245			7
Leasehold improvements		—		57,025			5
Tooling and equipment		—		23,633			5
		—		361,752
Less: accumulated depreciation		—		(338,331	)
	$	—	$	23,421

Depreciation expense for the years ended December 31, 2014 and 2013, was $19,166 and $10,786, respectively. We recorded impairment expense of $4,505 during the year ended December 31, 2014.

For the year ended December 31, 2014, we determined the carrying value of our property and equipment was greater than their estimated fair value and recorded an impairment loss of $4,505. Fair value was estimated using discounted, estimated future cash flows, which were projected based on recent, actual results. The estimated future cash flows did not include the benefit of additional capital or acquisitions, as there can be no assurance that they will occur.

- 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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