Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment, net

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Property and Equipment, net
 9 Months Ended
Sep. 30, 2015
Property, Plant and Equipment [Abstract]  
Property and Equipment, net

3.      Property and equipment, net

 

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

 

 

 

      Useful Life     September 30,     December 31,  
Asset Class     (Years)     2015     2014  
                         
Land     —     $ 1,047,503       —  
Demonstration equipment     5       297,345     $ 196,671  
Shop equipment     5       18,750       18,750  
Lab equipment     5       17,996       —  
Computer equipment     3       62,801       11,089  
Leasehold improvements     5       85,048       15,848  
Office equipment     5       5,640       4,581  
                         
Building under construction     —       505,052       —  
              2,040,135       246,939  
Less: accumulated depreciation             (55,219 )     (1,298 )
                         
            $ 1,984,916     $ 245,641  

 

 

Depreciation expense was $0, $31,217 and $53,921 for the period from June 20, 2014 (inception) to September 30, 2014, and for the three and nine months ended September 30, 2015, respectively.