ClearPoint Neuro, Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Note 4 - Property and Equipment

Note 4 - Property and Equipment

12 Months Ended

Dec. 31, 2014

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:

	2014			2013
Equipment	$	1,112,377		$	1,081,056
Furniture and fixtures		108,983			106,054
Leasehold improvements		157,236			157,236
Computer equipment and software		148,164			134,285
Loaned systems		699,384			920,406
		2,226,144			2,399,037
Less accumulated depreciation and amortization		(1,743,174	)		(1,495,877	)
Total property and equipment, net	$	482,970		$	903,160

Depreciation and amortization expense related to property and equipment for the years ended December 31, 2014 and 2013 was $343,929 and $400,516, 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.