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9. Property and Equipment

12 Months Ended

Dec. 31, 2013

The components of property and equipment are summarized as follows:

			Accumulated
	Cost		Depreciation			Net

December 31, 2013
Building	$	1,760,435	$	(195,363	)	$	1,565,072
Land		153,097		-			153,097
Furniture		170,505		(79,885	)		90,620
Computer equipment and software		533,966		(307,382	)		226,584
Automobile		81,394		(78,012	)		3,382
Total	$	2,699,397	$	(660,642	)	$	2,038,755

December 31, 2012
Building	$	1,648,838	$	(152,976	)	$	1,495,862
Land		153,097		-			153,097
Furniture		138,115		(66,570	)		71,545
Computer equipment and software		336,851		(219,447	)		117,404
Automobile		81,394		(50,880	)		30,514
Total	$	2,358,295	$	(489,873	)	$	1,868,422

Depreciation expense for the years ended December 31, 2013 and 2012 was $170,769 and $120,633, 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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