ClearPoint Neuro, Inc. General form of registration statement for all companies including face-amount certificate companies

General form of registration statement for all companies including face-amount certificate companies

Note 4 - Property and Equipment

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.