Property and Equipment

12 Months Ended

Dec. 31, 2013

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment Disclosure [Text Block]

(7) Property and Equipment

Property and equipment are stated at cost, net of accumulated depreciation and amortization. Property and equipment are depreciated on a straight-line basis over the estimated useful lives of the assets. The estimated useful life of computer equipment, computer software and telephone equipment is three years; of furniture and fixtures is five years; and of capitalized software and Website development costs is variable based upon the applicable project. During the year ended December 31, 2013, completed capitalized software and Website development projects were deemed to have a three year useful life. Leasehold improvements are amortized on a straight-line basis over the shorter of the respective lease term or the estimated useful life of the asset. If the useful lives of the assets differ materially from the estimates contained herein, additional costs could be incurred, which could have an adverse impact on our expenses.

Property and equipment as of December 31, 2013 and 2012 consists of the following:

	As of December 31,
	2013		2012
Computer equipment	$	14,307,205	$	14,210,373
Furniture and fixtures		2,726,959		2,740,089
Leasehold improvements		3,401,591		3,354,575
		20,435,755		20,305,037
Less accumulated depreciation and amortization		16,035,351		14,633,037
Property and equipment, net	$	4,400,404	$	5,672,000

Included in computer equipment are capitalized software and Website development costs of approximately $7.8 million and $7.7 million at December 31, 2013 and 2012, respectively. A summary of the activity of capitalized software and Website development costs is as follows:

Balance December 31, 2012	$	7,691,591
Additions		732,147
Deletions		(582,231	)
Balance December 31, 2013	$	7,841,507

Depreciation and amortization expense for the above noted property and equipment aggregated approximately $2.1 million, $4.1 million and $4.4 million for the years ended December 31, 2013, 2012 and 2011, respectively. The Company does not include depreciation and amortization expense in cost of services.