XML 80 R28.htm IDEA: XBRL DOCUMENT v2.4.0.8
Property and Equipment (Tables)
3 Months Ended 12 Months Ended
Mar. 31, 2013
Dec. 31, 2012
Property And Equipment Tables    
Property and equipment

Property and equipment consisted of the following at March 31, 2013 and December 31, 2012:


                 

 

 

March 31,

2013

 

 

December 31,

2012

 

Call center

 

$

121,313

 

 

$

121,313

 

Computer and office equipment

 

 

61,037

 

 

 

45,718

 

Furniture and fixtures

 

 

32,914

 

 

 

11,336

 

Library (online)

 

 

100,000

 

 

 

100,000

 

Software

 

 

1,491,035

 

 

 

1,388,824

 

 

 

 

1,806,299

 

 

 

1,667,191

 

Accumulated depreciation and amortization

 

 

(541,216

)

 

 

(455,871

)

Property and equipment, net

 

$

1,265,083

 

 

$

1,211,320

 


Property and equipment consisted of the following at December 31, 2012 and 2011:


                 

 

 

December 31,

 

 

 

2012

 

 

2011

 

 

 

 

 

 

 

 

Call center

 

$

121,313

 

 

$

121,313

 

Computer and office equipment

 

 

45,718

 

 

 

38,577

 

Furniture and fixtures

 

 

11,336

 

 

 

-

 

Library (online)

 

 

100,000

 

 

 

100,000

 

Software

 

 

1,388,824

 

 

 

927,455

 

Vehicle

 

 

-

 

 

 

39,736

 

 

 

 

1,667,191

 

 

 

1,227,081

 

Accumulated depreciation and amortization

 

 

(455,871

)

 

 

(229,972

)

Property and equipment, net

 

$

1,211,320

 

 

$

997,109

 


Amortization expense

Software consisted of the following at March 31, 2013 and December 31, 2012:


                 

 

 

March 31,

2013

 

 

December 31,

2012

 

Software

 

$

1,491,035

 

 

$

1,388,824

 

Accumulated amortization

 

 

(361,296

)

 

 

(286,744

)

Software, net

 

$

1,129,739

 

 

$

1,102,080

 


Software consisted of the following at December 31, 2012 and 2011:


                 

 

 

December 31,

 

 

 

2012

 

 

2011

 

 

 

 

 

 

 

 

Software

 

$

1,388,824

 

 

$

927,455

 

Accumulated amortization

 

 

(286,744

)

 

 

(60,290

)

Software, net

 

$

1,102,080

 

 

$

867,165

 


Schedule of estimated future amortization expense

The following is a schedule of estimated future amortization expense of software at March 31, 2013:


         

Year Ending December 31,

 

 

 

2013

 

$

223,655

 

2014

 

 

298,207

 

2015

 

 

298,207

 

2016

 

 

237,917

 

2017

 

 

71,753

 

Total

 

$

1,129,739

 


The following is a schedule of estimated future amortization expense of software at December 31, 2012:


         

Year Ending December 31,

 

 

 

2013

 

$

277,765

 

2014

 

 

277,765

 

2015

 

 

277,765

 

2016

 

 

217,474

 

2017

 

 

51,311

 

Total

 

$

1,102,080