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

Annual report pursuant to Section 13 and 15(d)

3. Property and Equipment, net

3. Property and Equipment, net

12 Months Ended

Dec. 31, 2013

Property, Plant and Equipment [Abstract]

Property and equipment as of December 31, 2013 and 2012 consisted of the following components:

	December 31,
	2013			2012
Laboratory and manufacturing equipment	$	226,081		$	172,560
Office equipment		142,323			137,093
Leasehold improvements		8,117			8,117
PCT collaboration, demonstration and leased systems		461,858			461,858
Total property and equipment		838,379			779,628
Less accumulated depreciation		(780,277	)		(749,346	)
Net book value	$	58,102		$	30,282

Depreciation expense for the years ended December 31, 2013 and 2012 was $30,931 and $58,889, 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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