Property and Equipment

12 Months Ended

Dec. 31, 2013

Property Plant And Equipment [Abstract]

4. Property and Equipment

At December 31, 2013 and December 31, 2012, property and equipment consisted of the following:


	As of December 31,
	2013			2012
Vehicles	$	544,984		$	—
Computer equipment		790,987			157,305
Office furniture and fixtures		239,662			209,026
Machinery and equipment		458,257			—
Leasehold improvements		12,363			6,261

		2,046,253			372,592
Less: accumulated depreciation		(1,400,768	)		(215,904	)

	$	645,485		$	156,688

We lease certain office furniture and fixtures under agreements that are classified as capital leases. The cost of equipment under these capital leases was $49,163 and $187,357 at December 31, 2013 and December 31, 2012, respectively, and is included in the consolidated financial statements as property and equipment. Accumulated depreciation of the leased equipment at December 31, 2013 and December 31, 2012 was $1,402 and $85,326, 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.

+ References+ Details