Property and Equipment

3 Months Ended

Mar. 31, 2015

Property, Plant and Equipment [Abstract]

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



	March 31, 2015			December 31, 2014
Furniture and fixtures	$	69,940		$	67,341
Equipment	2,589,021			2,585,659
Software	9,055,777			8,822,310
Leasehold improvements	66,903			66,903
Subtotal	11,781,641			11,542,213
Less: accumulated depreciation and amortization	(10,782,374		)	(10,582,738		)
Total	$	999,267		$	959,475

During the three months ended March 31, 2015 and March 31, 2014, depreciation expense was $172,382 and $255,972, 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.

+ References+ Details