Property and Equipment

9 Months Ended

Sep. 30, 2014

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment Disclosure [Text Block]

6. Property and Equipment

Property and equipment are comprised of the following:

	September 30,		December 31,
	2014		2013
Computer hardware and purchased software	$	297,241	$	301,908
Leasehold improvements		221,666		221,666
Furniture and fixtures		88,322		88,322
		607,229		611,896
Less: accumulated depreciation and amortization		(573,901)		(558,670)
Property and equipment, net	$	33,328	$	53,226

Total depreciation expense on the Company’s property and equipment for the three months and nine months ended September 30, 2014 and 2013 amounted to $5,915 and $19,655, and $7,506 and $19,622, 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.

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