Property and Equipment

6 Months Ended

Jun. 30, 2015

Property, Plant and Equipment [Abstract]

Property and Equipment

Property and Equipment

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

	June 30, 2015			December 31, 2014
Furniture and fixtures	$	69,940		$	67,341
Equipment	2,759,885			2,585,659
Software	9,298,499			8,822,310
Leasehold improvements	94,638			66,903
Subtotal	12,222,962			11,542,213
Less: accumulated depreciation and amortization	(11,021,104		)	(10,582,738		)
Total	$	1,201,858		$	959,475

During the three and six months ended June 30, 2015 depreciation expense was $214,046 and $386,428, respectively. During the three and six months ended June 30, 2014, depreciation expense was $243,335 and $499,307, respectively.