• Filing Date: 2016-03-30
  • Form Type: 10-K
  • Description: Annual report
v3.3.1.900
2. PROPERTY AND EQUIPMENT
12 Months Ended
Dec. 31, 2015
Property, Plant and Equipment [Abstract]  
PROPERTY AND EQUIPMENT

Property and equipment, net, consist of the following at December 31:

 

    USEFUL LIVES   2015     2014  
                     
Furniture and Fixtures   3 or 5 years   $ 1,094,601     $ 1,089,380  
Leasehold Improvements   5 years     4,084       4,084  
          1,098,685       1,093,464  
Less Accumulated Depreciation         995,330       830,984  
        $ 103,355     $ 262,480  

 

Depreciation expense for the years ended December 31, 2015 and 2014 was $164,346 and $233,588, respectively.