Note 3 - Property and Equipment

9 Months Ended

Sep. 30, 2014

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment Disclosure [Text Block]

3. Property and Equipment

Property and equipment was:

	September 30, 2014			December 31, 2013
Equipment	$	306,400		$	1,243,500
Furniture		231,600			432,400
Leasehold improvements		167,600			147,500
		705,600			1,823,400
Less: accumulated depreciation and amortization		(311,200	)		(1,521,300	)
	$	394,400		$	302,100

Aggregate property and equipment depreciation and amortization expense was $34,600 during the three-month period ended September 30, 2014 and $123,600 during the nine-month period ended September 30, 2014. During the nine-month period ended September 30, 2014, we capitalized the following costs: equipment; $35,700, furniture; $12,600, and leasehold improvements; $167,600. During the nine-month period ended September 30, 2014, we retired the following asset costs related to assets that were no longer in service as of September 30, 2014: equipment; $972,900, furniture; $213,400, and leasehold improvements; $147,500. All of the assets so retired were fully depreciated or amortized at the time of their respective retirement.