9. Property and Equipment

12 Months Ended

Dec. 31, 2015

Weighted average amortization period of identified intangible assets of finite useful life

9. Property and Equipment

The components of property and equipment are summarized as follows:

			Accumulated
	Cost		Depreciation			Net
December 31, 2015
Building	$	1,887,347	$	(313,376	)	$	1,573,971
Land		153,097		-			153,097
Furniture office equipment		518,495		(257,485	)		261,010
Computer equipment and software		2,128,063		(963,875	)		1,164,188
Automobile		81,394		(81,394	)		-
Total	$	4,768,396	$	(1,616,130	)	$	3,152,266
December 31, 2014
Building	$	1,887,347	$	(253,624	)	$	1,633,723
Land		153,097		-			153,097
Furniture office equipment		366,392		(151,983	)		214,409
Computer equipment and software		1,019,647		(572,834	)		446,813
Automobile		81,394		(81,394	)		-
Total	$	3,507,877	$	(1,059,835	)	$	2,448,042

Depreciation expense for the years ended December 31, 2015 and 2014 was $556,295 and $399,193, respectively.