PROPERTY AND EQUIPMENT

12 Months Ended

Dec. 31, 2011

4. PROPERTY AND EQUIPMENT

	Cost $	Accumulated Amortization as of December 31, 2011 $	Net Carrying Amount as of December 31, 2011 $	Net Carrying Amount as of December 31, 2010 $
Office equipment	3,795	3,531	264	337
Computer equipment	139,010	138,426	584	995
Computer software	6,972	6,972	-	-
Furniture and fixtures	14,996	13,948	1,048	1,340

	164,773	162,877	1,896	2,672

Depreciation expense totalled $667 and $5,617 for the years ended December 31, 2011 and 2010, 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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