Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment

Property and Equipment

6 Months Ended

Jun. 30, 2013

Property, Plant and Equipment [Abstract]

Note 5 - Property and Equipment. A summary of property and equipment and the estimated useful lives used in the computation of depreciation and amortization is as follows:

Fixed Asset	Useful Life	June 30, 2013			December 31, 2012

Vehicles	5 years		300,370			300,370
Furniture and Fixtures	10 years		66,711			64,539
Computers	5 years		258,238			234,123
MFG equipment	10 years		4,182,353			4,062,593
Lab Equipment	10 years		985,015			973,772
Bldg/Leasehold	19 years (remainder of lease)		1,676,418			1,676,418
Building	40 years		571,141			571,141
Land	Not depreciated		380,000			380,000
			8,420,246			8,262,956
Accumulated depreciation			(5,157,495	)		(4,929,037	)
Net			3,262,750			3,333,919

- Definition

The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.

+ References + Details