Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment

v2.4.0.8
Property and Equipment
 9 Months Ended
Sep. 30, 2014
Property, Plant and Equipment [Abstract]  
Property, Plant and Equipment Disclosure [Text Block]
Note 4 – Property and Equipment
 
Property and equipment are as follows:
 
 
 
As of
 
 
 
September 30, 2014
 
December 31, 2013
 
Computer software
 
$
369,453
 
$
114,876
 
Computer hardware
 
 
492,852
 
 
36,240
 
Furniture and fixtures
 
 
277,679
 
 
28,458
 
Leasehold improvements
 
 
341,104
 
 
14,755
 
 
 
 
1,481,088
 
 
194,329
 
Less – Accumulated depreciation
 
 
(182,194)
 
 
(4,717)
 
Total property and equipment, net
 
$
1,298,894
 
$
189,612
 
 
Total depreciation and amortization expense of the Company’s property and equipment was $142,093 and $833 for the three months ended September 30, 2014 and 2013, and $196,898 and $880, for the nine months ended September 30, 2014 and 2013, respectively, reflected within general and administrative expense.