Property and Equipment

12 Months Ended

Dec. 31, 2011

Note 5 - Property and Equipment

Property and equipment consisted of the following:

	December 31,
	2011			2010

Leasehold improvements	$	758,126		$	758,126
Furniture and office equipment		234,018			192,943
Computer and other equipment		1,409,580			1,379,216
		2,401,724			2,330,285
Less accumulated depreciation		(1,613,058	)		(1,151,869	)
Property and equipment, net	$	788,666		$	1,178,416

Depreciation expense for the years ended December 31, 2011 and 2010 was $0.5 million and $0.9 million, respectively. The Company recorded an impairment charge in 2010 of approximately $3.8 million associated with the closing of the Canadian operation upon the expiration of the Protexia^® contract that is included within depreciation and amortization expense in the consolidated statement of operations. Land of approximately $0.5 million and building and leasehold improvements of approximately $0.5 million were reclassified as assets held for sale as part of the impairment associated with the closing of the Canadian operation in the fourth quarter of 2010. These assets were sold in the fourth quarter 2011.

- 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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