Annual report pursuant to Section 13 and 15(d)

Note 4 - Property and Equipment

v2.4.1.9
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.