The ZenContent operations are included in the consolidated financial statements beginning on the date of acquisition of July 31, 2016. The ZenContent operations contributed revenue of $936,194 and gross profit of $436,395 in the consolidated statement of operations for the twelve months ended December 31, 2016. The Company incurred $52,665 in acquisition-related costs which are included in general and administrative expense on the Company's consolidated statement of operations for the twelve months ended December 31, 2016. NOTE 3. PROPERTY AND EQUIPMENT Property and equipment consists of the following: December 31, 2016 Furniture and fixtures $ 254,206 $ 252,516 Office equipment 65,463 53,265 Computer equipment 432,321 421,798 Leasehold improvements 324,716 314,400 Total 1,076,706 1,041,979 Less accumulated depreciation and amortization Property and equipment, net $ 460,650 $ 596,008 Computer equipment includes under capital leases totaling $59,458 as of December 31, 2015. Accumulated amortization relating to equipment under capital leases totaled $37,341 as of December 31, 2015. Depreciation expense on property and equipment recorded in general and administrative expense in the accompanying consolidated statements of operations was $253,004 and $206,670 for the twelve months ended December 31, 2016 and 2015, respectively. NOTE 4. INTANGIBLE ASSETS AND GOODWILL The identifiable intangible assets consists of the following assets: Content provider networks $ $ 57,083 $ 30,000 $ 27,500 1 31, 31, Trade names 52,000 45,000 40,000 36,667 1 2016 2015 Developed technology 530,000 134,167 300,000 55,000 3 Self-service content customers 210,000 134,167 210,000 64,167 Managed content customers 546,944 3 Domains 166,469 33,294 166,469 5 — Total identifiable intangible $ $ $ $ assets Total identifiable intangible assets from the Ebyline and ZenContent purchase price allocation and other acquired assets along with accumulated amortization thereon consists of the following:
The ZenContent operations are included in the consolidated financial statements beginning on the date of acquisition of July 31, 2016. The ZenContent operations contributed revenue of $936,194 and gross profit of $436,395 in the consolidated statement of operations for the twelve months ended December 31, 2016. The Company incurred $52,665 in acquisition-related costs which are included in general and administrative expense on the Company's consolidated statement of operations for the twelve months ended December 31, 2016. NOTE 3. PROPERTY AND EQUIPMENT Property and equipment consists of the following: December 31, 2016 Furniture and fixtures $ 254,206 $ 252,516 Office equipment 65,463 53,265 Computer equipment 432,321 421,798 Leasehold improvements 324,716 314,400 Total 1,076,706 1,041,979 Less accumulated depreciation and amortization Property and equipment, net $ 460,650 $ 596,008 Computer equipment includes under capital leases totaling $59,458 as of December 31, 2015. Accumulated amortization relating to equipment under capital leases totaled $37,341 as of December 31, 2015. Depreciation expense on property and equipment recorded in general and administrative expense in the accompanying consolidated statements of operations was $253,004 and $206,670 for the twelve months ended December 31, 2016 and 2015, respectively. NOTE 4. INTANGIBLE ASSETS AND GOODWILL The identifiable intangible assets consists of the following assets: 31, 2016 31, 2015 Content provider networks $ $ 57,083 $ 30,000 $ 27,500 1 Trade names 52,000 45,000 40,000 36,667 1 Developed technology 530,000 134,167 300,000 55,000 3 Self-service content customers 210,000 134,167 210,000 64,167 Managed content customers 546,944 3 Domains 166,469 33,294 166,469 — 5 Total identifiable intangible assets $ $ $ $ Total identifiable intangible assets from the Ebyline and ZenContent purchase price allocation and other acquired assets along with accumulated amortization thereon consists of the following:
izea-0001495231-17-000027.docx