PROPERTY AND EQUIPMENT

3 Months Ended

Mar. 31, 2013

Property and Equipment [Abstract]

PROPERTY AND EQUIPMENT

NOTE 3 – PROPERTY AND EQUIPMENT

Property and equipment consist of the following:

	Estimated Useful Lives	March  31, 2013			December 31, 2012
Machinery and equipment	5 years	$	682,000		$	682,000
Furniture, fixtures and leasehold improvements	3-5 years		88,000			88,000
Software	3-5 years		57,000			57,000
			827,000			827,000
Accumulated depreciation and amortization			(530,000	)		(495,000	)
Property and equipment, net		$	297,000		$	332,000

Depreciation of fixed assets utilized in research and development activities is included in research and development expense. All other depreciation is included in general and administrative costs and expenses. Depreciation and amortization expense was $35,000 and $42,000, respectively for the three months ended March 31, 2013 and 2012.