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5. Property and Equipment

12 Months Ended

Dec. 31, 2011

Property, Plant and Equipment Disclosure [Text Block]

5.	Property and Equipment

Property and equipment consists of the following at December 31:

	2011			2010

Equipment	$	1,639,897		$	1,228,114
Furniture and fixtures		133,026			133,026
		1,772,923			1,361,140
Less accumulated depreciation		(1,145,795	)		(995,838	)
	$	627,128		$	365,302

Depreciation expense was $338,501 and $89,220 for the years ended December 31, 2011 and 2010, respectively. During 2011 and 2010, demonstration equipment with net book values of $51,963 and $14,822, respectively, was reclassified from property and equipment to inventory and subsequently sold.

- 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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