Annual report pursuant to Section 13 and 15(d)

Property and Equipment

v3.7.0.1
Property and Equipment
 12 Months Ended
Dec. 31, 2016
Property, Plant and Equipment [Abstract]  
Property and Equipment

4.    Property and Equipment

 

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

 

    2016     2015  
Equipment   $ 1,165,076     $ 1,119,295  
Furniture and fixtures     112,143       112,143  
Leasehold improvements     179,999       179,999  
Computer equipment and software     150,304       135,129  
Loaned systems     431,608       627,060  
      2,039,130       2,173,626  
Less accumulated depreciation and amortization     (1,710,881 )     (1,733,020 )
Total property and equipment, net   $ 328,249     $ 440,606  

 

Depreciation and amortization expense related to property and equipment for the years ended December 31, 2016 and 2015 was $155,707 and $211,946, respectively. Loaned systems are ClearPoint systems that are in operation at customer sites on an evaluation basis.