Property and Equipment

3 Months Ended

Mar. 31, 2016

The net carrying value of property and equipment was as follows as of:



	March 31, 2016			December 31, 2015
Furniture and fixtures	$	231,463		$	230,637
Equipment	775,713			2,815,748
Software	9,978,535			9,856,947
Leasehold improvements	440,900			436,311
Subtotal	11,426,611			13,339,643
Less: accumulated depreciation and amortization	(9,572,298		)	(11,534,082		)
Total	$	1,854,313		$	1,805,561

During the three months ended March 31, 2016 and March 31, 2015 depreciation expense was $306,268 and $172,382, respectively.