Property and Equipment

3 Months Ended

Mar. 31, 2016

Property, Plant and Equipment [Abstract]

Property and Equipment

4. Property and Equipment

Property and equipment was:

	March 31, 2016		December 31, 2015
Equipment	$	312,400	$	313,700
Furniture		233,900		233,900
Leasehold improvements		167,600		167,600
		713,900		715,200
Less: accumulated depreciation and amortization		487,200		462,700
	$	226,700	$	252,500

Aggregate property and equipment depreciation and amortization expense was $25,800 and $32,500 during the three-month periods ended March 31, 2016 and 2015, respectively. During the quarter, we sold a fully depreciated equipment for $200 that was originally purchased for $1,300.