Property and Equipment

9 Months Ended

Sep. 30, 2015

Property, Plant and Equipment [Abstract]

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



	September 30, 2015			December 31, 2014
Property and Equipment:
Gross carrying amount	$	19,489,978		$	19,015,099
Accumulated depreciation	(17,668,588		)	(16,867,911		)
Property and Equipment, net	$	1,821,390		$	2,147,188

For the three months ended September 30, 2015 and 2014, depreciation expense was $280,663 and $378,010, respectively. For the nine months ended September 30, 2015 and 2014, depreciation expense was $1,003,224 and $1,318,737, respectively.

During the three and nine months ended September 30, 2015, the Company wrote-off gross property and equipment of $53,511 and $191,936, respectively, and the associated accumulated depreciation of $19,374 and $144,614, respectively, related to assets that were no longer in use. During the three and nine months ended September 30, 2014, in connection with the Company's 2013 restructuring plan, the Company wrote-off gross property and equipment of $318,757 and $559,674, respectively, and the associated accumulated depreciation of $203,351 and $346,259, respectively, 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.