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7. Property and Equipment

9 Months Ended

Sep. 30, 2013

Property, Plant and Equipment [Abstract]

Property and Equipment consists of the following at September 30, 2013 and December 31, 2012, respectively:

	September 30,			December 31,
	2013			2012
Furniture and fixtures	$	2,187		$	2,187
Computers and equipment		320,651			318,275
Software		67,986			67,986
Assets held under capital leases		134,800			134,800
		525,624			523,248
Less accumulated depreciation and amortization		(401,499	)		(326,951	)
	$	124,125		$	196,297

Depreciation expense totaled $74,548 and $86,051 for the nine months ended September 30, 2013 and 2012, 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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