Annual report pursuant to Section 13 and 15(d)

Property and Equipment

v3.20.1
Property and Equipment
12 Months Ended
Dec. 31, 2019
Property, Plant and Equipment [Abstract]  
Property and Equipment

 5. Property and Equipment

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

 

    2019     2018  
Equipment   $ 1,195,237     $ 1,176,038  
Furniture and fixtures     112,143       112,143  
Leasehold improvements     201,065       190,875  
Computer equipment and software     148,017       148,017  
Loaned systems     584,911       468,782  
      2,241,373       2,095,855  
Less accumulated depreciation and amortization     (1,794,211 )     (1,718,149 )
Total property and equipment, net   $ 447,162     $ 377,706  

 

Depreciation and amortization expense related to property and equipment for the years ended December 31, 2019 and 2018 was $143,604 and $109,439, respectively. Loaned systems are ClearPoint systems that are in operation at customer sites on an evaluation basis.