Property and Equipment

6 Months Ended

Jun. 30, 2015

Property, Plant and Equipment [Abstract]

The gross carrying amount and accumulated depreciation of property and equipment as of June 30, 2015 and December 31, 2014 are as follows:



	June 30, 2015			December 31, 2014
Property and Equipment:
Gross carrying amount	$	19,371,087		$	19,015,099
Accumulated depreciation	(17,459,942		)	(16,867,911		)
Property and Equipment, net	$	1,911,145		$	2,147,188

For the three months ended June 30, 2015 and 2014, depreciation expense was $350,732 and $447,410, respectively. For the six months ended June 30, 2015 and 2014, depreciation expense was $722,561 and $940,727, respectively.

During the three and six months ended June 30, 2015, the Company wrote-off gross property and equipment of $138,425 and the associated accumulated depreciation of $125,240, related to assets that were no longer in use. During the three and six months ended June 30, 2014, in connection with the Company's 2013 restructuring plan, the Company wrote-off gross property and equipment of $240,917 and the associated accumulated depreciation of $142,908, related to assets that were no longer in use as a result of the closure of a foreign facility. For further information, refer to Note (18) Restructuring Costs.