PROPERTY AND EQUIPMENT, NET

12 Months Ended

Dec. 31, 2013

PROPERTY AND EQUIPMENT, NET [Abstract]

7.	PROPERTY AND EQUIPMENT, NET

Property and equipment, net, consist of the following:

	December 31, 2013			December 31, 2012
Property and equipment, gross	$	177,537		$	189,633
Accumulated depreciation and amortization		(169,931	)		(162,816	)
Property and equipment, net	$	7,606		$	26,817

In July 2012, the Company closed its Charlotte, NC office and disposed of the property and equipment at that location at a loss of $4,818.

Depreciation and amortization expense was $11,147 and $14,534 for the years ended December 31, 2013 and 2012, respectively.

- Definition

The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.

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