Property and Equipment, net

Note 6. Property and Equipment, net

The following table summarizes our property and equipment at June 30, 2014 and December 31, 2013:


				Additions
	December 31,			Participation			Reverse			Contribution and Assumption						June 30,
Description	2013			Agreement			Merger			Agreement			Purchases			2014
Equipment	$	-		$	123,089		$	11,660		$	-		$	101,647		$	236,396
Furniture and Fixtures		202,980			55,871			25,617			28,414			29,172			342,054
Leasehold Improvements		15,390			714			6,522			-			-			22,626
Total property and equipment		218,370			179,672			43,798			28,414			130,822			601,076
Accumulated depreciation		(117,638	)		(19,964	)		(4,924	)		(21,754	)		(28,993	)		(193,273	)
Property and equipment, net	$	100,732		$	159,708		$	38,874		$	6,660		$	101,829		$	407,803

Depreciation expense for the three and six month periods ended June 30, 2014 was approximately $36,000 and $54,000, respectively. Depreciation expense for the three and six month periods ended June 30, 2013 was approximately $10,000 and $20,000, 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.

+ References+ Details