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, 2014

Property, Plant and Equipment [Abstract]

Property and equipment as of December 31, 2014 and 2013 consisted of the following components:

	December 31,
	2014			2013
Laboratory and manufacturing equipment	$	226,081		$	226,081
Office equipment		149,459			142,323
Leasehold improvements		8,117			8,117
PCT collaboration, demonstration and leased systems		461,858			461,858
Total property and equipment		845,515			838,379
Less accumulated depreciation		(809,490	)		(780,277	)
Net book value	$	36,025		$	58,102

Depreciation expense for the years ended December 31, 2014 and 2013 was $29,213 and $30,931, 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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