Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment

Property and Equipment

9 Months Ended

Sep. 30, 2013

7. Property and Equipment

Property and Equipment is as follows:

	September 30, 2013		December 31, 2012
Computer hardware	$	68,603	$	64,759
Furniture and fixtures		28,076		19,884
Leasehold improvements		18,171		13,876
		114,850		98,519
Less: Accumulated depreciation		62,392		63,656
	$	52,458	$	34,863

Depreciation expense was $4,556 and $3,000 for the three months ended September 30, 2013 and 2012, respectively, and $12,924 and $9,000 for the nine months ended September 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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