Property and Equipment

3 Months Ended

Mar. 31, 2015

Property, Plant and Equipment [Abstract]

The gross carrying amount and accumulated depreciation of property and equipment as of March 31, 2015 and December 31, 2014 are as follows:



	March 31, 2015			December 31, 2014
Property and Equipment:
Gross carrying amount	$	19,150,365		$	19,015,099
Accumulated depreciation	(17,214,357		)	(16,867,911		)
Property and Equipment, net	$	1,936,008		$	2,147,188

For the three months ended March 31, 2015 and 2014, depreciation expense was $371,829 and $493,317, 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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