XML 60 R12.htm IDEA: XBRL DOCUMENT

Note 6 - Property and Equipment

12 Months Ended

Dec. 31, 2012

Property, Plant and Equipment Disclosure [Text Block]

Note 6:

Property and Equipment

Property and equipment consists of the following at December 31:

	2012			2011

Computer equipment	$	3,980,808		$	3,829,731
Software		1,695,038			956,916
Furniture and fixtures		107,113			107,113
Leasehold improvements		882,602			882,602

Total cost basis		6,665,561			5,776,362

Less accumulated depreciation and amortization		(4,935,872	)		(4,501,254	)

Net book value	$	1,729,689		$	1,275,108

During the twelve months of 2012, Onvia disposed of fully depreciated computer equipment valued at $319,000 and $5,000 of fully depreciated software compared to disposal of $268,000 of fully depreciated computer equipment and $183,000 of fully depreciated software for the same period of 2011.

Depreciation expense was $759,000 and $763,000 for the twelve months ended December 31, 2012 and 2011, respectively.

- 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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