Property and Equipment, Net

6 Months Ended

Jun. 30, 2017

Property and Equipment, Net [Abstract]

Property and Equipment, Net

3. Property and Equipment, Net

Property and equipment, net consisted of the following at June 30, 2017 and December 31, 2016:

	June 30, 2017			December 31, 2016
	(unaudited)
Computer equipment	$	3,706,017		$	3,720,985
Website development		2,182,542			2,050,980
Furniture and fixtures		89,027			89,027
Leasehold improvements		32,726			32,726
Total property and equipment		6,010,312			5,893,718
Less: Accumulated depreciation		(5,353,302	)		(5,100,413	)
Total property and equipment, net	$	657,010		$	793,305

Depreciation expense for the three and six months ended June 30, 2017 was $122,910 and $253,547, respectively, as compared to $195,419 and $326,056, respectively, for the three and six months ended June 30, 2016. During May 2017, the Company disposed of approximately $17,000 of computer equipment and furniture and fixtures in relation to a relocation of its corporate office, which is reflected on the condensed consolidated balance sheet in property and equipment, net. The Company only holds property and equipment in the United States.