Property and Equipment

9 Months Ended

Sep. 30, 2015

Property and Equipment [Text Block]

5. Property and Equipment

The following is a breakdown of our property and equipment:

		September 30,			December 31,
		2015			2014
Furniture and office equipment	$	931,242		$	959,080
Leasehold improvements		190,722			190,722
Total property and equipment		1,121,964			1,149,802
Less: accumulated depreciation		(923,649	)		(829,131	)
Net carrying value	$	198,315		$	320,671

We recorded depreciation expense of approximately $47,000 and $147,000 for the three and nine months ended September 30, 2015. We recorded depreciation expense of approximately $55,000 and $181,000 for the three and nine months ended September 30, 2014.