Property and Equipment

3 Months Ended

Mar. 31, 2016

Property, Plant and Equipment [Abstract]

Property and Equipment

Property and Equipment

The gross carrying amount and accumulated depreciation of property and equipment as of March 31, 2016 and December 31, 2015 are as follows:

	March 31, 2016			December 31, 2015
Property and Equipment:
Gross carrying amount	$	19,657,177		$	19,513,607
Accumulated depreciation	(18,200,935		)	(17,947,675		)
Property and Equipment, net	$	1,456,242		$	1,565,932

For the three months ended March 31, 2016 and 2015, depreciation expense was $224,901 and $371,829, respectively.