Property and equipment

12 Months Ended

Dec. 31, 2013

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment Disclosure [Text Block]

4. Property and equipment:

Property and equipment consist of the following:

	December 31,
	2013		2012
Furniture and fixtures	$	285,987	$	285,987
Software		57,563		57,563
Leasehold improvements		39,909		39,909
Computer and office equipment		248,572		245,578
		632,031		629,037
Less - accumulated depreciation and amortization		(587,453)		(477,493)
	$	44,578	$	151,544

Depreciation and amortization expense was $ 109,960, $ 127,350 and $ 116,465 for the years ended December 31, 2013, 2012 and 2011, respectively.

- 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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