Property and Equipment

12 Months Ended

Dec. 31, 2015

Notes to Financial Statements

4. Property and Equipment

Property and equipment consist of the following:

	December 31,						Estimated
	2015			2014			Useful Life
Computer Software	$	230,299		$	230,299		5 years
Equipment		548,156			544,108		15 years
Office Furniture and Equipment		95,754			95,754		7 years
Computer Hardware		32,992			30,710		5 years
Leasehold Improvements		303,318			303,318		(a)
Total		1,210,519			1,204,189
Less:  accumulated depreciation		(801,271	)		(692,903	)
Property and Equipment, Net	$	409,248		$	511,286
(a)  Lesser of useful life or initial term of lease

Depreciation expense for the above assets for the years ended December 31, 2015 and 2014 was $108,369 and $116,312, respectively.