Note 4 - Property and Equipment

v2.3.0.11

Note 4 - Property and Equipment	6 Months Ended
	Jun. 30, 2012
Property, Plant and Equipment Disclosure [Text Block]	4.   Property and Equipment Property and equipment consist of the following as of:     June 30,     December 31,       2012     2011                 Equipment     1,010,608     $ 934,253   Furniture and fixtures     105,376       106,054   Leasehold improvements     157,236       157,236   Computer equipment and software     106,557       101,482   Loaned systems     861,131       723,975         2,240,908       2,023,000   Less accumulated depreciation and amortization     (1,003,731 )     (804,170 ) Total property and equipment, net     1,237,177     $ 1,218,830   Depreciation and amortization expense for property and equipment for the six months ended June 30, 2012 and 2011 was $203,670 and $129,965, respectively. The Company may loan the reusable components of a ClearPoint system to a customer to perform procedures using ClearPoint disposable products which are purchased from the Company. Accordingly, the $861,131 and $723,975 of loaned systems at June 30, 2012 and December 31, 2011, respectively, represent the historical cost of ClearPoint reusable components transferred from inventory to property and equipment. Depreciation on loaned ClearPoint systems is computed using the straight-line method based on an estimated useful life of five years. At June 30, 2012 and December 31, 2011, accumulated depreciation on loaned systems was $154,587 and $73,846, respectively.