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PROPERTY AND EQUIPMENT

12 Months Ended

Dec. 31, 2011

6. PROPERTY AND EQUIPMENT

Property and equipment, net of accumulated depreciation at December 31, 2011 and 2010 consists of the following:

	2011			2010

Computer equipment	$	520,647		$	417,840
Office equipment		388,659			163,653
Equipment		378,147			500,130

		1,287,453			1,081,623
Accumulated depreciation and amortization		(426,089	)		(445,847	)

	$	861,364		$	635,776

There was no construction in progress as of December 31, 2011 or December 31, 2010.

- Definition

The entire disclosure for long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. This disclosure may include property plant and equipment accounting policies and methodology, a schedule of property, plant and equipment gross, additions, deletions, transfers and other changes, depreciation, depletion and amortization expense, net, accumulated depreciation, depletion and amortization expense and useful lives, income statement disclosures, assets held for sale and public utility disclosures.

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