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

Property and Equipment

v3.5.0.2
Property and Equipment
12 Months Ended
Dec. 31, 2015
Property, Plant and Equipment [Abstract]  
Property and Equipment
4. Property and Equipment

 

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

                 
    2015     2014  
Equipment   $ 1,119,295     $ 1,112,377  
Furniture and fixtures     112,143       108,983  
Leasehold improvements     179,999       157,236  
Computer equipment and software     135,129       148,164  
Loaned systems     627,060       699,384  
      2,173,626       2,226,144  
Less accumulated depreciation and amortization     (1,733,020 )     (1,743,174 )
Total property and equipment, net   $ 440,606     $ 482,970  

 

Depreciation and amortization expense related to property and equipment for the years ended December 31, 2015 and 2014 was $211,946 and $343,929, respectively. Loaned systems are ClearPoint systems that are in operation at customer sites on an evaluation basis.