Property and Equipment

12 Months Ended

Dec. 31, 2015

Property and Equipment [Text Block]

5. Property and Equipment

The following is a breakdown of our property and equipment:

		December 31,			December 31,
		2015			2014
Furniture and office equipment	$	910,420		$	959,080
Leasehold improvements		190,722			190,722
Total property and equipment		1,101,142			1,149,802
Less: accumulated depreciation		(946,708	)		(829,131	)
Net carrying value	$	154,434		$	320,671

We recorded depreciation expense of approximately $190,000 and $233,000, which is included in our operating expense for the years ended December 31, 2015 and 2014, respectively.