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

Property and Equipment

Property and Equipment

12 Months Ended

Dec. 31, 2015

Property, Plant and Equipment [Abstract]

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.