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Property and Equipment | 6 Months Ended
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Jun. 30, 2014
Property and Equipment [Abstract] |
Property, Plant and Equipment Disclosure [Text Block] |
6. | Property and Equipment
Major classes of property and equipment consisted of the following for each of the periods presented below:
|  | JUNE 30, |  | DECEMBER 31, |
|  | 2014 |  | 2013 |
|  | (Unaudited) |
Land and building |  | $ | 677,054 |  | $ | 677,054 |
Computer hardware and software |  |  | 2,338,898 |  |  | 2,052,280 |
Furniture and fixtures |  |  | 289,370 |  |  | 218,939 |
Leasehold improvements |  |  | 368,596 |  |  | 368,596 |
Automobile |  |  | 160,391 |  |  | 2,400 |
Gross property and equipment |  |  | 3,834,309 |  |  | 3,319,269 |
Less: accumulated depreciation and amortization |  |  | (1,997,444) |  |  | (1,773,318) |
Property and equipment, net |  | $ | 1,836,865 |  | $ | 1,545,951 |
There were no changes in the estimated useful life used to depreciate property and equipment during the three and six month periods ended June 30, 2014 and 2013. For each of the three month periods ended June 30, 2014 and 2013, property and equipment depreciation expense recorded was approximately $125,000 and $99,700, respectively. For each of the six month periods ended June 30, 2014 and 2013, property and equipment depreciation expense recorded was approximately $224,000 and $188,780, respectively. For each of the three and six month periods ended June 30, 2014 and 2013, there were no material sales or disposals of owned property and equipment. Included in property and equipment are certain equipment purchases acquired under capital lease arrangements. See Note 7 for additional information about historical capital lease obligations. In conjunction with the Company’s acquisition of SCL on May 1, 2014, the company assumed capital lease assets with a net book value of approximately $70,700. Total capitalized cost of equipment under capital leases at June 30, 2014 and December 31, 2013 was approximately $553,600 and $477,500, respectively. For each of the three and six month periods ended June 30, 2014 and 2013, the Company did not enter into any capital lease arrangements. For the three month periods ended June 30, 2014 and 2013 depreciation expense for leased equipment was approximately $18,000 and $14,700, respectively. For the six month periods ended June 30, 2014 and 2013, depreciation expense for leased equipment was approximately $32,700 and $29,400, respectively. Accumulated depreciation for leased equipment at June 30, 2014 and December 31, 2013 was approximately $448,100 and $408,900, respectively. For the three month periods ended June 30, 2014, there were no disposals of leased equipment. Total net book value of assets under capital leases at June 30, 2014 and December 31, 2013 was approximately $105,500 and $68,600, respectively.

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- 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 Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6391035&loc=d3e2868-110229 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6391110&loc=d3e2921-110230 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6360339&loc=d3e1361-107760 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.13-14) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 + Details
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