Equipment consists of the following:
 
 
 
March 31,
 
 
 
2016
 
 
2015
 
Equipment and software
 
$
2,796,064
 
 
$
2,434,340
 
Furniture and fixtures
 
 
112,676
 
 
 
40,898
 
Leasehold improvements
 
 
42,730
 
 
 
—
 
 
 
 
 
 
 
 
 
 
 
 
 
2,951,470
 
 
 
2,475,238
 
Less: accumulated depreciation
 
 
2,075,215
 
 
 
1,809,865
 
 
 
 
 
 
 
 
 
 
Balance
 
$
876,255
 
 
$
665,373