XML 84 R13.htm IDEA: XBRL DOCUMENT

6. Property and Equipment

3 Months Ended

12 Months Ended

Mar. 31, 2014

Dec. 31, 2013

Property, Plant and Equipment [Abstract]

Property and equipment were as follows:

	March 31,			December 31,
	2014			2013
	(Unaudited)
Computing equipment and office machines	$	231,830		$	145,245
Furniture and fixtures		100,479			78,833
		332,309			224,078
Less accumulated depreciation		(250,746	)		(212,816	)
Property and equipment, net	$	81,563		$	11,262

For the three months ended March 31, 2014 and 2013, depreciation expense was $4,511 and $8,687, respectively.

Property and equipment were as follows:

	December 31,			December 31,
	2013			2012
Computers, peripherals and office machines	$	145,245		$	147,030
Furniture and fixtures		78,833			73,905
		224,078			220,935
Less accumulated depreciation		(212,816	)		(171,897	)
Property and equipment, net	$	11,262		$	49,038

For the years ended December 31, 2013 and 2012, depreciation expense was $40,919 and $26,771, respectively, reflecting accelerated depreciation in 2013 for assets deemed to have shorter useful lives given the Company’s financial situation.

- 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