Fixed Assets and Intangible Assets, Net
 12 Months Ended
Dec. 31, 2015
Fixed Assets and Intangible Assets, Net [Abstract]  
Fixed Assets and Intangible Assets, Net

8. Fixed Assets and Intangible Assets, Net

 

Fixed assets and intangible assets, net consisted of the following on December 31, 2015 and December 31, 2014:

 

  December 31,  December 31, 
  2015  2014 
Computer equipment $260,355  $256,610 
Furniture and fixtures  98,160   142,856 
Leasehold improvements  21,026   382,376 
Software  10,968   10,968 
Website domain name  139,025   124,938 
Website costs  40,500   40,500 
Equipment under capital leases  218,605   218,605 
Total fixed assets and intangible assets  788,639   1,176,853 
Less: Accumulated depreciation and amortization  (401,022)  (613,730)
Total fixed assets and intangible assets, net $387,617  $563,123 

 

Depreciation and amortization expense for the year ended December 31, 2015 was $167,161, as compared to $181,675 for the year ended December 31, 2014. The Company only holds fixed assets in the United States.

 

As of December 31, 2015 and 2014, the Company held equipment under capital leases in the gross amount of $218,605 net of accumulated amortization of $80,647 and $7,779, respectively. Amortization expense for the capital leases for the year ended December 31, 2015 was $72,868, as compared to $7,779 for the year ended December 31, 2014.

 

During March 2015, the Company disposed of fixed assets, primarily consisting of leasehold improvements and furniture and fixtures, in connection with the relocation of the Company’s corporate headquarters. The net loss on the disposal of the fixed assets for the year ended December 31, 2015 was $79,628.

 

Amortization expense to be recorded as it relates solely to the Company’s intangible assets as of December 31, 2015 is approximately $8,390 per year through 2024.