Annual report pursuant to Section 13 and 15(d)

Property and Equipment (Tables)

v2.4.0.8
Property and Equipment (Tables)
12 Months Ended
Dec. 31, 2013
Property, Plant and Equipment [Abstract]  
Property and Equipment
Depreciation and amortization of property and equipment are computed on a straight-line basis over the following estimated useful lives:
Asset Classification
 
Estimated Useful Life
Furniture and office equipment
 
Five years
Computer equipment and software costs
 
Five years
Leasehold improvements
 
Lesser of term of lease or five years
Automobiles
 
Five years
Land
 
Unlimited
Property and equipment consists of the following:
 
December 31,
 
2013
 
2012
Furniture and office equipment
$
5,001,936

 
$
3,899,585

Computer equipment and software costs
15,969,900

 
15,289,647

Leasehold improvements
2,559,688

 
2,460,314

Automobiles
1,054,708

 
952,438

Land
520,379

 
520,379

 Property and equipment, gross
25,106,611

 
23,122,363

Less - accumulated depreciation
(16,407,563
)
 
(13,735,145
)
Property and equipment, net
$
8,699,048

 
$
9,387,218