Property and equipment

3 Months Ended

Mar. 31, 2015

5. Property and equipment

Property and equipment, net consist of the following:


	Estimated			As of		As of
	useful life			March 31,		December 31,
	(in years)			2015		2014
Equipment	2	-	7	$	945,067	$	945,116
Computer hardware	3	-	5		3,166,708		2,963,629
Furniture and fixtures	5	-	7		193,442		194,399
Leasehold improvements	3	-	10		755,907		749,275
Total property and equipment, gross					5,061,124		4,852,419
Less: Accumulated depreciation and amortization					(2,879,869)		(2,712,672)
Property and equipment, net				$	2,181,255	$	2,139,747

Property and equipment depreciation and amortization expense is as follows:


	Three months ended
	March 31,
	2015		2014
Depreciation and amortization expense	$	171,229	$	156,423

- 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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