December 31,
		Life			2013				2012
Manufacturing equipment			3-5 years		$	599,000			$	602,000
Research equipment			5 years			37,000				37,000
Computer equipment			3-4 years			59,000				59,000
Furniture and fixtures			7 years			39,000				39,000
Property and equipment, gross						734,000				737,000
Less: accumulated depreciation						727,000				721,000
Property and equipment, net					$	7,000			$	16,000

 

During 2013, the Company sold fully depreciated equipment totaling approximately $3,000 which is reflected as gain on sale of equipment on the consolidated statements of operations and comprehensive loss. During 2012, the Company agreed to sell its manufacturing equipment to Medica for approximately €42,500, or $55,000. All assets at the manufacturing plant were fully depreciated as of the date of the sale. Approximately €42,500, or $55,000, is recognized as gain on sale of equipment on the consolidated statements of operations and comprehensive loss for the year ended December 31, 2012.