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Property and equipment
12 Months Ended
Dec. 31, 2016
Property and equipment  
Property and equipment

3. Property and equipment

Property and equipment, net consist of the following:

 

 

 

 

 

 

 

 

 

 

 

 

 

Estimated

 

 

 

 

 

 

 

 

useful life

 

December 31,

 

 

(in years)

 

2016

 

2015

Equipment

    

2

-

7

    

$

998,722

    

$

958,175

Computer hardware

 

3

-

5

 

 

3,637,938

 

 

3,266,233

Furniture and fixtures

 

5

-

7

 

 

256,889

 

 

192,565

Leasehold improvements

 

3

-

10

 

 

1,037,386

 

 

746,336

Total property and equipment, gross

 

 

 

 

 

 

5,930,935

 

 

5,163,309

Less: Accumulated depreciation and amortization

 

 

 

 

 

 

(4,256,525)

 

 

(3,351,690)

Property and equipment, net

 

 

 

 

 

$

1,674,410

 

$

1,811,619

Property and equipment depreciation and amortization expense is as follows:

 

 

 

 

 

 

 

 

 

 

 

Year ended December 31,

 

2016

 

2015

 

2014

Depreciation and amortization expense

    

$

927,691

    

$

664,303

    

$

621,695

 

Included in depreciation and amortization expense for the year ended December 31, 2016 is $0.4 million of expense related to the acceleration of amortization on certain assets due to exiting a floor in the Company’s corporate location before the end of the lease term.  The cease use date was October 1, 2016.  For additional information on the Company’s restructuring charges disclosure, refer to Note 6.