Property and Equipment, Net

12 Months Ended

Dec. 31, 2013

PROPERTY AND EQUIPMENT, NET [Abstract]

4. PROPERTY AND EQUIPMENT, NET

Property and equipment, net, consists of:

	December 31, 2012		December 31, 2013

Furniture and office equipment	696,780		866,517
Telecommunications equipment	4,699,800		4,835,937
Leasehold improvements	1,344,800		1,405,933
	6,741,380		7,108,387
Less: Accumulated depreciation and amortization	(3,823,268	)	(5,740,027	)
	2,918,112		1,368,360

Depreciation expense for the years ended December 31, 2011, 2012 and 2013 was $3,409,647, $1,941,761 and $1,829,963, respectively. The Company acquired $220,403 in additional property and equipment in 2013 (2012 and 2011: $1,231,013 and $2,428,694).

- Definition

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.

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