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Property and Equipment | 3 Months Ended
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Mar. 31, 2015
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:
|  | MARCH 31, |  | DECEMBER 31, |
|  | 2015 |  | 2014 |
|  |  | (Unaudited) |
Land and building |  | $ | 677,054 |  | $ | 677,054 |
Computer hardware and software |  |  | 2,848,204 |  |  | 2,824,340 |
Furniture and fixtures |  |  | 289,989 |  |  | 295,485 |
Leasehold improvements |  |  | 527,924 |  |  | 547,087 |
Automobile |  |  | 273,077 |  |  | 295,844 |
Gross property and equipment |  |  | 4,616,248 |  |  | 4,639,810 |
Less: accumulated depreciation and amortization |  |  | (3,059,997) |  |  | (3,025,628) |
Property and equipment, net |  | $ | 1,556,251 |  | $ | 1,614,182 |
There were no changes in the estimated useful life used to depreciate property and equipment during the three month periods ended March 31, 2015 and 2014. For each of the three month periods ended March 31, 2015 and 2014, property and equipment depreciation expense recorded was approximately $125,400 and $99,000, respectively. For each of the three month periods ended March 31, 2015 and 2014, 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 8 for additional information about historical capital lease obligations. Total capitalized cost of equipment under capital leases at March 31, 2015 and December 31, 2014 was approximately $518,200 (including reductions in gross cost due to cumulative translation adjustments of approximately $29,800) and $536,100 (including reductions in gross cost due to cumulative translation adjustments of approximately $11,900), respectively. For each of the three month periods ended March 31, 2015 and 2014, the Company did not enter into any capital lease arrangements. For the three month periods ended March 31, 2015 and 2014 depreciation expense for leased equipment was approximately $19,700 (including reductions in accumulated amortization due to translation adjustments of approximately $3,300) and $14,700, respectively. Accumulated depreciation for leased equipment at March 31, 2015 and December 31, 2014 was approximately $496,700 (including reductions in accumulated amortization due to cumulative translation adjustments of approximately $3,300) and $481,000 (including reductions in accumulated amortization due to cumulative translation adjustments of approximately $500), respectively. For the three month periods ended March 31, 2015 and 2014, there were no disposals of leased equipment. Total net book value of assets under capital leases (including cumulative translation adjustments) at March 31, 2015 and December 31, 2014 was approximately $21,500 and $55,800, 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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