The Joint Corp. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Note 4 - Property and Equipment

Note 4 - Property and Equipment

3 Months Ended

Mar. 31, 2015

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment Disclosure [Text Block]

Note 4: Property and Equipment

Property and equipment consists of the following:

	March 31, 2015			December 31, 2014

Office and computer equipment	$	207,668		$	209,575
Leasehold improvements		1,192,868			665,961
Software developed		564,560			564,560
		1,965,096			1,440,096
Accumulated depreciation and amortization		(391,573	)		(305,644	)
	$	1,573,523		$	1,134,452
Assets in progress		14,021			-
	$	1,587,544		$	1,134,452

Depreciation and amortization expense was $85,929 and $40,066 for the three months ended March 31, 2015 and 2014, 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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