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Property and Equipment
6 Months Ended 12 Months Ended
Jun. 30, 2015
Dec. 31, 2014
Property, Plant and Equipment [Abstract]    
Property and Equipment

4. Property and Equipment

 

Property and equipment consists of the following:

 

    As of  
    June 30, 2015   December 31, 2014  
    (unaudited)   (audited)  
Computer equipment   $ 217,866   $ 216,486  
Data center equipment   954,542   444,906  
Purchased software   675,623   651,016  
Furniture and fixtures   89,773   84,433  
Leasehold improvements   64,353   58,024  
Total property and equipment   2,002,157   1,454,865  
Less: accumulated depreciation   (1,290,976 ) (1,158,940 )
Net property and equipment   $ 711,181   $ 295,925  

 

Depreciation expense for the three and six months ended June 30, 2015 was approximately $85,000 and $132,000, respectively, compared to $60,000 and $125,000 for the same periods in the prior year, respectively.

4. Property and Equipment

 

Property and equipment consists of the following:

 

    As of  
    December 31, 2014   December 31, 2013  
Computer equipment   $ 216,486   $ 208,593  
Data center equipment   444,906   405,057  
Purchased software   651,016   570,860  
Furniture and fixtures   84,433   59,890  
Leasehold improvements   58,024   53,465  
Total property and equipment   1,454,865   1,297,865  
Less: accumulated depreciation   (1,158,940 ) (944,445 )
Net property and equipment   $ 295,925   $ 353,420  

 

Depreciation expense was approximately $214,000 and $346,000, for the years ended 2014 and 2013, respectively.