CareCloud, Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

PROPERTY AND EQUIPMENT

PROPERTY AND EQUIPMENT

12 Months Ended

Dec. 31, 2014

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment Disclosure [Text Block]

6.	Property and Equipment

Property and equipment as of December 31, 2014 and 2013 consisted of the following:

	December 31,		December 31,
	2014		2013
Computers	$	1,102,200	$	701,917
Office furniture and equipment		959,110		510,524
Transportation equipment		431,554		346,331
Leasehold improvements		337,248		276,399
Construction-in-progress		324,533		74,291
Total property and equipment		3,154,645		1,909,462
Less accumulated depreciation		(1,710,311)		(1,404,118)
Property and equipment net	$	1,444,334	$	505,344

Depreciation expense was $260,527 and $233,431 for the years ended December 31, 2014 and 2013, respectively.

- Definition

The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.

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