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PROPERTY AND EQUIPMENT

6 Months Ended

Jun. 30, 2013

Property, Plant and Equipment [Abstract]

Property and equipment consist of the following as of June 30, 2013 and December 31, 2012:

	6/30/2013			12/31/12
Computers, office equipment and software	$	863,414		$	102,170
Furniture, fixtures and other		194,993			104,522
Buildings and improvements		3,971,878			-
Leasehold improvements		1,422,851			1,344,595
		6,453,135			1,551,287
Less accumulated depreciation		(328,067	)		(121,514	)
Construction in progress		850,980			-
	$	6,976,047		$	1,429,773

Depreciation expense was $106,490 and $5,351 for the three month periods ended June 30, 2013 and 2012, respectively and was $176,276 and $10,890 for the six month periods ended June 30, 2013 and 2012, respectively.

- 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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