NOTE 3 – PROPERTY AND EQUIPMENT

Property and equipment was comprised of the following:

Depreciation expense for the three months ended June 30, 2017 and 2016 was $167,300 and $155,500, respectively and for the six months ended June 30, 2017 and 2016 was $323,700 and $316,400, respectively. For the three months ended June 30, 2017 depreciation expense included in cost of goods sold and selling, general and administrative expenses was $142,600 and $24,700 respectively. For the six months ended June 30, 2017 depreciation expense included in cost of goods sold and selling, general and administrative expenses was $274,700 and $49,000, respectively. For the three months ended June 30, 2016 depreciation expense included in cost of goods sold and selling, general and administrative expenses was $131,400 and $24,100 respectively. For the six months ended June 30, 2016 depreciation expense included in cost of goods sold and selling, general and administrative expenses was $268,100 and $48,300, respectively.

Accumulated depreciation on leased CoronaLux™ units included in accumulated depreciation and amortization above is $381,900 and $238,800 as of June 30, 2017 and 2016, respectively.

Property and equipment included the following amounts for leases that have been capitalized at: