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Property and Equipment
6 Months Ended
Jun. 30, 2016
Property, Plant and Equipment [Abstract]  
Property and Equipment
Property and Equipment
 
The net carrying value of property and equipment was as follows as of:
 
June 30, 2016
 
December 31, 2015
Furniture and fixtures
$
231,862

 
$
230,637

Equipment
802,584

 
2,815,748

Software
10,273,670

 
9,856,947

Leasehold improvements
441,382

 
436,311

Subtotal
11,749,498

 
13,339,643

Less: accumulated depreciation and amortization
(9,902,866
)
 
(11,534,082
)
Total
$
1,846,632

 
$
1,805,561



During the three and six months ended June 30, 2016, depreciation expense was $327,200 and $633,468. During the three and six months ended June 30, 2015, depreciation expense was $214,046 and $386,428, respectively.