Quarterly report pursuant to Section 13 or 15(d)

PROPERTY, EQUIPMENT AND LEASEHOLD IMPROVEMENTS (Tables)

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PROPERTY, EQUIPMENT AND LEASEHOLD IMPROVEMENTS (Tables)
9 Months Ended
Sep. 30, 2014
Property Equipment And Leasehold Improvements Tables  
Property and equipment

Property, equipment and leasehold improvements at cost, less accumulated depreciation, at September 30, 2014 and December 31, 2013 consisted of the following:

 

    September 30,   December 31,
    2014   2013
Furniture   $ 46,036     $ 31,539  
Equipment     1,314,531       26,022  
Leasehold improvements     4,179,997       10,400  
Subtotal     5,540,564       67,961  
Less accumulated depreciation     (325,204 )     (46,592 )
Total   $ 5,215,360     $ 21,369