Property and Equipment

3 Months Ended

Mar. 31, 2013

Property, Plant and Equipment [Abstract]

The net carrying value of property and equipment was as follows:



	March 31, 2013			December 31, 2012
Furniture and fixtures	$	67,341		$	421,425
Equipment	2,690,405			2,473,813
Software	7,551,077			8,018,509
Leasehold improvements	94,055			348,159
Subtotal	$	10,402,878		$	11,261,906
Less: accumulated depreciation and amortization	(8,446,159		)	(9,151,135		)
Total	$	1,956,719		$	2,110,771

During the three months ended March 31, 2013 and 2012 depreciation expense was $705,467 and $329,849, respectively.

- Definition

The entire disclosure for long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. This disclosure may include property plant and equipment accounting policies and methodology, a schedule of property, plant and equipment gross, additions, deletions, transfers and other changes, depreciation, depletion and amortization expense, net, accumulated depreciation, depletion and amortization expense and useful lives, income statement disclosures, assets held for sale and public utility disclosures.

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