Fixed Assets
 12 Months Ended
Dec. 31, 2013
Property, Plant and Equipment [Abstract]  
Fixed Assets

5. Fixed Assets

The following is a summary of the Company’s fixed assets as of December 31:
 
 
 
 
 
 
 
 
2013
 
2012
  
 
Cost
 
Accumulated Depreciation
 
Net Book Value
 
Cost
 
Accumulated Depreciation
 
Net Book Value
Computers, furniture and fixtures
 
$
109,252
 
 
$
(83,383
) 
 
$
25,869
 
 
$
111,356
 
 
$
(83,537
) 
 
$
27,819
 
Leasehold improvements
 
 
60,938
 
 
 
(34,736
) 
 
 
26,202
 
 
 
57,350
 
 
 
(32,255
) 
 
 
25,095
 
  
 
$
170,190
 
 
$
(118,119
) 
 
$
52,071
 
 
$
168,706
 
 
$
(115,792
) 
 
$
52,914
 
Included in fixed assets are assets under capital lease obligations with a cost of $2,462, (2012 – $3,941) and accumulated depreciation of $1,417 (2012 – $2,721). Depreciation expense for the years ended December 31, 2013, 2012 and 2011 was $19,645, $18,758 and $17,603, respectively.