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Equipment

6 Months Ended

Jun. 30, 2014

3. Equipment

At June 30, 2014 and December 31, 2013, equipment, furniture and fixtures were comprised of the following:

	June 30, 2014 (Unaudited)			December 31, 2013
Equipment, furniture and fixtures	$	4,942,835		$	4,431,586
Accumulated depreciation		(1,959,862	)		(1,433,853	)
Equipment, net	$	2,982,973		$	2,997,733

Equipment, furniture and fixtures includes $115,000 financed by capital lease borrowings. Depreciation expense amounted to $522,714 and $253,215 for the six months ended June 30, 2014 and 2013, 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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