Property and Equipment

12 Months Ended

Dec. 31, 2014

Property, Plant and Equipment [Abstract]

NOTE G – PROPERTY AND EQUIPMENT

Property and equipment consist of the following:


	2014			2013
Building, improvements and land	$	3,758,686		$	4,756,306
Building and land held for sale		1,024,999			—
Computers and peripherals		1,613,744			1,431,789
Furniture and office equipment		2,376,650			1,973,130
Vessel and equipment		19,123,758			16,772,083
Exhibits and related		1,781,193			1,818,029

		29,679,030			26,751,337
Less: Accumulated depreciation		(22,443,492	)		(16,973,085	)

Property and equipment, net	$	7,235,538		$	9,778,252

In December 2014, we decided to put one of our two buildings in Tampa up for sale. This sale was completed in March 2015. In 2014, we ceased our long-term charter of the Dorado Discovery vessel resulting in an impairment charge related to the equipment we maintained on this vessel. In the second half of 2014, we recorded accelerated depreciation on this equipment for an additional depreciation charge of $3.0 million.

- 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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