Annual report pursuant to Section 13 and 15(d)

E. PROPERTY AND EQUIPMENT

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

NOTE E – PROPERTY AND EQUIPMENT

 

The Company’s property and equipment as of December 31, 2019 and 2018 consists of the following:

 

    2019     2018  
Development test equipment   $ 16,461     $ 19,110  
Computer software     76,134       76,134  
Office equipment     66,685       61,367  
Office fixtures and furniture     330,568       330,568  
Leasehold improvements     18,016       18,016  
Total     507,864       505,195  
Accumulated depreciation and amortization     (321,339 )     (257,906 )
Total property and equipment   $ 186,525     $ 247,289  

  

Depreciation and amortization expense included as a charge to income was $66,082 and $67,107 for the years ended December 31, 2019 and 2018, respectively.