Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment

Property and Equipment

6 Months Ended

Jun. 30, 2013

6. Property and Equipment

Property and Equipment is as follows:

	June 30, 2013		December 31, 2012
Computer hardware	$	68,603	$	64,759
Furniture and fixtures		28,961		19,884
Leasehold improvements		18,171		13,876
		115,735		98,519
Less: Accumulated depreciation		58,145		63,656
	$	57,590	$	34,863

Depreciation expense was $4,439 and $3,000 for the three months ended June 30, 2013 and 2012, respectively, and $8,368 and $6,000 for the six months ended June 30, 2013 and 2012, respectively, and is recorded in depreciation and amortization expense in the accompanying condensed statements of comprehensive (loss) income.

- Definition

The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.

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