Property and Equipment

12 Months Ended

Dec. 31, 2013

8. Property and Equipment

Property and equipment consisted of the following:

	December 31,		December 31,
	2013		2012
	(In thousands)

Machinery and manufacturing equipment	$	2,453	$	2,722
Molds		-		1,228
Computer equipment		1,327		1,081
Furniture		287		286
Leasehold improvements		1,249		673

Total property and equipment		5,316		5,990
Accumulated depreciation and amortization		(3,452)		(4,223)

Property and equipment, net	$	1,864	$	1,767

Depreciation expense was $982,616 and $1,212,819, for the years ended December 31, 2013 and 2012, respectively.

During the year ended December 31, 2013, an impairment charge of $449,853 was incurred for a charge in the estimate of the useful lives for certain manufacturing property and equipment that the Company does not anticipate using in the future.

- 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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