Property and Equipment

12 Months Ended

Dec. 31, 2015

Property and Equipment [Abstract]

Property, Plant and Equipment Disclosure [Text Block]

6. Property and Equipment

Major classes of property and equipment (includes equipment and automobile capital leases) consisted of the following:

	DECEMBER 31,
	2015		2014
Land and building	$	677,054	$	677,054
Computer hardware and software		2,698,577		2,824,340
Furniture and fixtures		303,691		295,485
Leasehold improvements		568,642		547,087
Automobile		247,405		295,844
Gross property and equipment		4,495,369		4,639,810
Less: accumulated depreciation and amortization		(2,982,062)		(3,025,628)
Property and equipment, net	$	1,513,307	$	1,614,182

For the years ended December 31, 2015, 2014, and 2013, depreciation expense recorded was approximately $488,600, $496,600 and $395,400, respectively. For the years ended December 31, 2015 there were disposals of fully depreciated assets of approximately $446,200. For the years ended December 31, 2014 and 2013 there were no material dispositions or sales of property and equipment.

Capital Leases

The gross value of assets under capital leases at December 31, 2015 and 2014 were approximately $372,600 and $548,000, respectively. For the years ended December 31, 2015, 2014 and 2013 there were no capital lease acquisitions, expiration or disposals of equipment leases. For the year ended December 31, 2015 there were disposals of certain expired equipment leases with a gross value and accumulated depreciation of approximately $168,400, respectively. Depreciation expense for leased equipment for the years ended December 31, 2015, 2014 and 2013 was approximately $25,900, $72,100, and $58,700, respectively, and accumulated depreciation at December 31, 2015 and 2014 was $351,400 and $481,000, respectively. Total net book value of assets under capital leases at December 31, 2015 and 2014 was approximately $21,200 and $67,000, respectively.