Property and Equipment

9 Months Ended

Sep. 30, 2013

Property, Plant and Equipment [Abstract]

The net carrying value of property and equipment was as follows:



	September 30, 2013			December 31, 2012
Furniture and fixtures	$	67,341		$	421,425
Equipment	2,503,838			2,473,813
Software	7,857,476			8,018,509
Leasehold improvements	66,903			348,159
Subtotal	$	10,495,558		$	11,261,906
Less: accumulated depreciation and amortization	(9,192,279		)	(9,151,135		)
Total	$	1,303,279		$	2,110,771

During the three and nine months ended September 30, 2013 depreciation expense was $409,685 and $1,619,719, respectively. During the three and nine months ended September 30, 2012, depreciation expense was $694,143 and $1,829,715, 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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