Quarterly report pursuant to sections 13 or 15(d)

PROPERTY AND EQUIPMENT

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PROPERTY AND EQUIPMENT
3 Months Ended
Mar. 31, 2014
Property, Plant and Equipment [Abstract]  
PROPERTY AND EQUIPMENT

Property and equipment, recorded at cost, consisted of the following at:

 

  March 31, 2014   December 31, 2013
Computer equipment $ 80,581     $ 69,960  
Furniture and fixtures   76,031       76,031  
Office equipment   12,270       12,270  
Leasehold improvements   6,367       6,367  
    175,249       164,628  
Less: accumulated depreciation   (125,383 )     (119,676 )
   Property and equipment, net $ 49,866     $ 44,952  

 

Included in depreciation expense was $5,707 and $4,516 related to property and equipment for the three months ended March, 2014 and 2013, respectively.