PROPERTY AND EQUIPMENT

3 Months Ended

Mar. 31, 2012

Note 6 - Property and Equipment

Property and Equipment consists of the following:

	March 31,			December 31,
	2012			2011
Furniture and fixtures	$	2,187		$	2,187
Computers and equipment		167,283			181,459
Software		55,029			52,326
Assets held under capital leases		134,800			116,945
		359,299			352,917
Less accumulated depreciation and amortization		(229,870	)		(207,324	)
	$	129,429		$	145,593

Depreciation and amortization expense totaled $22,546 and $16,310 for the three months ended March 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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