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8. Property and Equipment

6 Months Ended

Jun. 30, 2014

Property, Plant and Equipment [Abstract]

Property and Equipment consists of the following at June 30, 2014 and December 31, 2013, respectively:

	June 30,			December 31,
	2014			2013
Furniture and fixtures	$	23,279		$	2,187
Computers and equipment		182,074			325,105
Software		15,660			67,986
Assets held under capital leases		17,855			134,800
		238,868			530,078
Less accumulated depreciation and amortization		(107,895	)		(416,668	)
	$	130,973		$	113,410

Depreciation and amortization expense totaled $25,949 and $56,837 for the six months ended June 30, 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 six months ending June 30, 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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