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8. Property and Equipment

3 Months Ended

Mar. 31, 2014

Property, Plant and Equipment [Abstract]

Property and Equipment consists of the following at March 31, 2014 and December 31, 2013, respectively:

	March 31,			December 31,
	2014			2013
Furniture and fixtures	$	2,187		$	2,187
Computers and equipment		161,865			325,105
Software		15,660			67,986
Assets held under capital leases		17,855			134,800
		197,567			530,078
Less accumulated depreciation and amortization		(94,004	)		(416,668	)
	$	103,563		$	113,410

Depreciation and amortization expense totaled $12,058 and $33,113 for the three months ended March 31, 2014 and 2013, respectively.

A total of $334,722 of fully depreciated assets no longer in service was disposed of on March 31, 2014. No proceeds were received on disposal, resulting in no gain or loss on disposal during the three months ending March 31, 2014.

- 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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