Annual report pursuant to section 13 and 15(d)

Note 4 - Property and Equipment

v2.4.0.8
Note 4 - Property and Equipment
 12 Months Ended
Dec. 31, 2013
Property, Plant and Equipment [Abstract]  
Property, Plant and Equipment Disclosure [Text Block]

4.     Property and Equipment


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


   

2013

   

2012

 

Equipment

  $ 1,081,056     $ 1,044,969  

Furniture and fixtures

    106,054       105,376  

Leasehold improvements

    157,236       157,236  

Computer equipment and software

    134,285       114,786  

Loaned systems

    920,406       1,063,777  
      2,399,037       2,486,144  

Less accumulated depreciation and amortization

    (1,495,877 )     (1,199,029 )

Total property and equipment, net

  $ 903,160     $ 1,287,115  

Depreciation and amortization expense related to property and equipment for the years ended December 31, 2013 and 2012 was $400,516 and, $398,970, respectively. The Company may loan the reusable components of a ClearPoint system to a customer. Any such customer can then use the loaned ClearPoint system to perform procedures using ClearPoint disposable products which are generally purchased from the Company.