Annual report pursuant to Section 13 and 15(d)

PROPERTY AND EQUIPMENT

v2.4.1.9
PROPERTY AND EQUIPMENT
12 Months Ended
Dec. 31, 2014
Property, Plant and Equipment [Abstract]  
Property, Plant and Equipment Disclosure [Text Block]
NOTE 3 – PROPERTY AND EQUIPMENT
 
Property and equipment as of December 31, 2014 and 2013 is summarized as follows:
 
 
 
2014
 
2013
 
Office furniture and equipment
 
$
240,139
 
$
93,188
 
Leasehold improvements
 
 
171,847
 
 
-
 
Total
 
 
411,986
 
 
93,188
 
Less: accumulated depreciation and amortization
 
 
(83,791)
 
 
(48,232)
 
 
 
 
 
 
 
 
 
 
 
$
328,195
 
$
44,956
 
 
Depreciation and amortization expense for the years ended December 31, 2014 and 2013 was $35,559 and $16,591, respectively.