Annual report pursuant to Section 13 and 15(d)

Property and Equipment

v3.3.1.900
Property and Equipment
 12 Months Ended
Dec. 31, 2015
Property And Equipment  
Property and Equipment
  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.