Property and Equipment, Net

12 Months Ended

Dec. 31, 2014

5.Property and Equipment, Net

Property and equipment, net of accumulated depreciation at December 31, 2014 and 2013 consists of the following:

	December 31,
	2014			2013
Computing equipment and office machines	$	16,072		$	145,245
Furniture and fixtures	32,945			78,833
Leasehold improvements	60,017			—
Total	109,034			224,078
Less accumulated depreciation	(6,719		)	(212,816		)
Property and equipment, net	$	102,315		$	11,262

For the year ended December 31, 2014, depreciation expense was $11,924. For the year ended December 31, 2013, depreciation expense was $40,919.

- 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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