Annual report pursuant to Section 13 and 15(d)

PROPERTY AND EQUIPMENT

v2.4.1.9
PROPERTY AND EQUIPMENT
 12 Months Ended
Dec. 31, 2014
Property Plant And Equipment [Abstract]  
PROPERTY AND EQUIPMENT

NOTE 6. PROPERTY AND EQUIPMENT

Property and equipment consisted of the following at December 31, 2014 and 2013:

 

 

 

2014

 

 

2013

 

Furniture and fixtures

 

$

197,751

 

 

$

76,031

 

Leasehold improvements

 

 

150,000

 

 

 

6,367

 

Vehicles

 

 

86,364

 

 

 

—

 

Computer equipment

 

 

84,186

 

 

 

69,960

 

Office equipment

 

 

17,403

 

 

 

12,270

 

 

 

 

535,704

 

 

 

164,628

 

Less: accumulated depreciation

 

 

(153,606

)

 

 

(119,676

)

Property and equipment, net

 

$

382,098

 

 

$

44,952

 

 

Included in depreciation expense was $69,904 and $21,100 related to property and equipment for the years ended December 31, 2014 and 2013, respectively.

Property and equipment includes $43,684 of leasehold improvements, furniture and fixtures under capital leases as of December 31, 2014.  Accumulated depreciation of assets acquired under capital leases totaled $43,684 at December 31, 2014.