Annual report pursuant to Section 13 and 15(d)

Summary of Significant Accounting Policies (Tables)

v3.7.0.1
Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2016
Accounting Policies [Abstract]  
Estimated Useful Lives of the Principal Classes
Estimated useful lives of the principal classes of assets are as follows:
 
Leasehold improvements
 
Shorter of lease term or useful life
Machinery and equipment
 
5 years
Furniture, fixtures and computers
 
3 – 5 years
Property and equipment, net consisted of the following:
 
 
 
December 31,
 
 
2016
 
2015
Machinery and equipment
 
$
894,228

 
$
676,881

Building leasehold improvements
 
395,335

 
362,300

Furniture, fixtures, software and computers
 
228,011

 
195,497

 
 
1,517,574

 
1,234,678

Accumulated depreciation and amortization
 
(581,088
)
 
(308,779
)
 
 
$
936,486

 
$
925,899