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

Annual report pursuant to Section 13 and 15(d)

F. PROPERTY AND EQUIPMENT

F. PROPERTY AND EQUIPMENT

12 Months Ended

Dec. 31, 2014

Property, Plant and Equipment [Abstract]

The Company’s property and equipment as of December 31, 2014 and 2013 consists of the following:

	2014			2013
Development test equipment	$	45,752		$	45,752
Computer software		55,677			55,677
Leasehold improvements		2,675			2,675
Office equipment		20,706			20,706
Office fixtures and furniture		157,183			36,515
Total		281,993			161,325
Accumulated depreciation		(150,243	)		(116,687	)
Total property and equipment	$	131,750		$	44,638

Depreciation expense included as a charge to income was $33,556 and $16,837 for the years ended December 31, 2014 and 2013, respectively.

- 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.

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