Quarterly report pursuant to Section 13 or 15(d)

Furniture and Equipment

v2.4.0.8
Furniture and Equipment
9 Months Ended
Sep. 30, 2014
Property, Plant and Equipment [Abstract]  
Property, Plant and Equipment Disclosure [Text Block]
NOTE 2 – Furniture and Equipment
 
3D Metal Printer – On August 14, 2014, the Company and EOS GmbH (EOS) finalized their agreement with respect to the purchase by the Company of a state-of-the art 3D metal printer Model M290 from EOS for purposes of making parts for users of performance and safety critical components. The printer will also serve as an in-house test bed for future upgrades to Sigma Labs commercially available PrintRite 3D quality assurance system. As of September 30, 2014, the Company has capitalized $241,333 towards the purchase. The Company estimates that the total cost will be $724,000 and will be completed during the fourth quarter of 2014.