Property And Equipment

3 Months Ended

Mar. 31, 2013

5. Property and Equipment

Property and equipment consist of the following:


	March 31,	December 31,
	2013	2012

Equipment	$ 8,762,041	$ 8,762,041
Equipment held for lease	303,412	303,412
Leasehold improvements	2,328,381	2,328,381
	11,393,834	11,393,834
Less: Accumulated depreciation	(9,515,081)	(9,251,911)
Net property and equipment	$ 1,878,753	$ 2,141,923

- 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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