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Property and Equipment

12 Months Ended

Dec. 31, 2013

5. PROPERTY AND EQUIPMENT:

Property and equipment consist of the following:

	Estimated
	Useful Lives	December 31, 2013			December 31, 2012
Furniture and fixtures	2-5 years	$	64,945		$	46,818
Computers and software	3-7 years		251,525			187,505
			316,470			234,323
Less: accumulated depreciation			(258,391	)		(220,066	)
		$	58,079		$	14,257

Depreciation expense was $38,326 and $19,804 for the years ended December 31, 2013 and 2012, 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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