Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment, net

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Property and Equipment, net
 6 Months Ended
Jun. 30, 2015
Property, Plant and Equipment [Abstract]  
Property and Equipment, net

2.         Property and Equipment, net

 

Property and equipment, net, consisted of the following for the dates indicated:

 

    Useful Life     June 30,     December 31,  
Asset Class   (Years)     2015     2014  
Land     —     $ 1,047,503       —  
Demonstration equipment     5       286,887     $ 196,671  
Shop equipment     5       19,939       18,750  
Lab equipment     5       17,996       —  
Computer equipment     3       32,330       11,089  
Leasehold improvements     5       38,213       15,848  
Office equipment     5       4,581       4,581  
Building under construction     —       4,400       —  
              1,451,849       246,939   
                         
Less: accumulated depreciation             (24,001 )     (1,298 )
                         
            $ 1,427,848     $ 245,641  

  

Depreciation expense was $0, $18,228 and $22,704 for the period from inception (June 20, 2014) through June 30, 2014, and for the three and six months ended June 30, 2015, respectively.