PROPERTY AND EQUIPMENT
|12 Months Ended|
Dec. 31, 2015
|Property, Plant and Equipment [Abstract]|
|Property, Plant and Equipment Disclosure [Text Block]||
Property and equipment consist of the following:
Depreciation and amortization of property and equipment was $393,717 and $466,592 for the years ended December 31, 2015 and 2014, respectively, of which $224,580 and $279,082 was recorded as expense in the accompanying statement of operations, and $169,137 and $187,510 was capitalized to inventory, respectively. Most of our property and equipment is located in Argentina and the gross cost being depreciated declined year-over-year due to the devaluation of the Argentine peso relative to the United States dollar.
No definition available.
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.
Reference 1: http://www.xbrl.org/2003/role/presentationRef