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Summary of Significant Accounting Policies (Tables)
9 Months Ended
Sep. 30, 2014
Accounting Policies [Abstract]  
Summary of Equipment and Related Accumulated Depreciation

The following is the summary of property and equipment and related accumulated depreciation as of September 30, 2014 and December 31, 2013.

 

 

 

 

 

September 30,

 

 

December 31,

 

 

 

Useful Life

 

2014

 

 

2013

 

Computer equipment and software

 

3

 

$

82,916

 

 

$

19,732

 

Furniture and fixtures

 

5

 

 

117,657

 

 

 

Equipment

 

7

 

 

6,195

 

 

 

Leasehold improvements

 

Shorter of the

useful life or

remaining

lease term

(3 years)

 

 

20,777

 

 

 

Office equipment under capital lease

 

3

 

 

11,916

 

 

 

11,916

 

 

 

 

 

 

239,461

 

 

 

31,648

 

Less accumulated depreciation

 

 

 

 

(34,567

)

 

 

(1,282

)

Net property and equipment

 

 

 

$

204,894

 

 

$

30,366