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Fixed Assets

12 Months Ended

Dec. 31, 2013

(3) Fixed Assets

Fixed assets and their estimated useful lives as of December 31, 2013 and 2012 are as follows:

	2013			2012			Estimated useful life
Equipment and furniture	$	1,351,877		$	1,301,341		5 years

							Life of lease or estimated
Leasehold Improvements		437,745			437,745		life of asset if shorter
		1,789,622			1,739,086

Less accumulated depreciation
and amortization		(1,725,257	)		(1,680,045	)
	$	64,365		$	59,041

The Company incurred depreciation expense of $45,212, $34,963 and $39,857 for 2013, 2012, and 2011, respectively in connection with these fixed assets.

- 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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