Annual report pursuant to Section 13 and 15(d)

Property and Equipment

v3.19.1
Property and Equipment
 12 Months Ended
Dec. 31, 2018
Property, Plant and Equipment [Abstract]  
Property and Equipment
5. Property and Equipment

 

Property and equipment consist of the following as of December 31:

 

    2018   2017
Equipment   $ 1,176,038     $ 1,151,543  
Furniture and fixtures     112,143       112,143  
Leasehold improvements     190,875       179,999  
Computer equipment and software     148,017       148,017  
Loaned systems     468,782       348,473  
      2,095,855       1,940,175  
Less accumulated depreciation and amortization     (1,718,149 )     (1,672,508 )
Total property and equipment, net   $ 377,706     $ 267,667  

 

Depreciation and amortization expense related to property and equipment for the years ended December 31, 2018 and 2017 was $109,439 and $116,454, respectively. Loaned systems are ClearPoint systems that are in operation at customer sites on an evaluation basis.