Annual report pursuant to Section 13 and 15(d)

9. Property And Equipment

v3.3.1.900
9. Property And Equipment
12 Months Ended
Dec. 31, 2015
Pro forma financial information  
9. Property And Equipment

At December 31, 2015 and 2014, property and equipment is comprised of the following:

 

    December 31,  
    2015     2014  
Network equipment   $ 7,875,478     $ 8,374,479  
Furniture and fixtures     292,451       299,571  
Computer equipment and software     7,290,577       5,962,838  
Customer premise equipment     9,121,788       7,191,008  
Vehicles     55,884       55,884  
Leasehold improvements     1,073,631       1,140,605  
Assets in progress     190,749       118,831  
Total     25,900,558       23,143,216  
                 
Less: accumulated depreciation     (11,845,065 )     (9,664,304 )
Total   $ 14,055,493     $ 13,478,912  

  

Depreciation expense was approximately $5.5 million and $4.2 million for the years ended December 31, 2015 and 2014, respectively. For the years ended December 31, 2015 and 2014, $3.0 million and $2.4 million, respectively, of the Company’s property and equipment were financed under capital leases.