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EQUIPMENT AND LEASEHOLD IMPROVEMENTS
 3 Months Ended
Mar. 31, 2014
EQUIPMENT AND LEASEHOLD IMPROVEMENTS  
EQUIPMENT AND LEASEHOLD IMPROVEMENTS

5. EQUIPMENT AND LEASEHOLD IMPROVEMENTS

        Equipment and leasehold improvements, net consist of the following:

 
   Useful lives   March 31,
2014		   December 31,
2013		  

Office equipment

   3 Years   $ 7,791   $ 7,498  

Furniture and fixtures

   7 Years     2,156     1,730  

Leasehold improvements

   5 - 60 Months     4,400     4,395  
               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total

         14,347     13,623  

Less accumulated depreciation and amortization

         (9,000 )   (8,467 )
               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Equipment and leasehold improvements, net

       $ 5,347   $ 5,156  
               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​
               

        Depreciation and amortization expenses for fixed assets totaled $533 and $542 for the three months ended March 31, 2014 and 2013, respectively.