Property and Equipment

9 Months Ended

Sep. 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:

	September 30, 2016			December 31, 2015
Furniture and fixtures	$	240,577		$	230,637
Equipment	809,089			2,815,748
Software	5,949,792			9,856,947
Leasehold improvements	441,381			436,311
Subtotal	7,440,839			13,339,643
Less: accumulated depreciation and amortization	(5,688,915		)	(11,534,082		)
Total	$	1,751,924		$	1,805,561

During the three and nine months ended September 30, 2016, depreciation expense was $325,236 and $958,704, respectively. During the three and nine months ended September 30, 2015, depreciation expense was $229,350 and $615,778, respectively.