Annual report pursuant to Section 13 and 15(d)

Property and Equipment

v3.7.0.1
Property and Equipment
12 Months Ended
Dec. 31, 2016
Property, Plant and Equipment [Abstract]  
Property and Equipment
4. Property and Equipment
 
Property and Equipment is as follows:
 
 
December 31,
 
 
 
2016
   
2015
 
Computer hardware
 
$
377,185
   
$
371,893
 
Furniture and fixtures
   
227,828
     
227,828
 
Leasehold improvements
   
147,016
     
147,016
 
 
   
752,029
     
746,737
 
Less: Accumulated depreciation
   
(474,495
)
   
(302,339
)
 
 
$
277,534
   
$
444,398
 

Depreciation expense for the years ended December 31, 2016 and 2015 was $172,156 and $279,455, respectively, and is recorded in depreciation and amortization expense in the accompanying consolidated statements of operations.