Property and Equipment

12 Months Ended

Dec. 31, 2015

Property, Plant and Equipment [Abstract]

Property and Equipment

4. Property and Equipment

Property and equipment as of December 31, 2015 and 2015 consisted of the following:

	2015		2014
Equipment	$	313,700	$	306,400
Furniture & fixture		233,900		233,900
Leasehold improvements		167,600		167,600
		715,200		707,900
Less: accumulated depreciation and amortization		462,700		345,400
	$	252,500	$	362,500

Aggregate property and equipment depreciation expense for the years ended December 31, 2015 and 2014 was $117,300 and $157,800, respectively. During 2015, we capitalized $7,300 cost of equipment. During 2015, we did not retire any assets. During 2014, we capitalized the following costs: equipment; $35,700, furniture; $14,900, and leasehold improvements; $167,600. During 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 retired were either fully depreciated or amortized at the time of their respective retirement.