RFMI » Topics » NOTE C - PROPERTY AND EQUIPMENT, NET

This excerpt taken from the RFMI 8-K filed Nov 15, 2006.

NOTE C – PROPERTY AND EQUIPMENT, NET

Property and equipment consists of the following at December 31, 2005 and 2004:

 

     2005     2004  

Vehicles

   $ 4,792     $ 25,496  

Furniture and fixtures

     76,834       76,834  

Leasehold improvements

     31,845       —    

Machinery and equipment

     705,537       576,878  

Software

     138,710       138,710  

Computer equipment

     299,395       213,330  
                
     1,257,113       1,031,248  

Accumulated depreciation

     (970,928 )     (896,324 )
                

Property and equipment, net

   $ 286,185     $ 134,924  
                
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