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Property and Equipment, Net
 12 Months Ended
Dec. 31, 2011
Property and Equipment, Net [Abstract]  
PROPERTY AND EQUIPMENT, NET

NOTE 6 — PROPERTY AND EQUIPMENT, NET

Property and equipment, net consists of the following:

 

                 
    December 31,  
    2011     2010  

Leasehold improvements

   $ 104,739     $ 65,451  

Equipment

     584,416       498,907  

Motor vehicles

     124,847       —    

Furniture and fixtures

     460,750       435,579  
   

 

 

    

 

 

  
      1,274,752       999,937  

Less accumulated depreciation

     (848,349 )      (712,746 ) 
   

 

 

    

 

 

  

Property and equipment, net

   $ 426,403     $ 287,191  
   

 

 

    

 

 

  

Depreciation expense for the years ended December 31, 2011, 2010 and 2009 was approximately $147,000, $140,000 and $146,000, respectively. Property and equipment purchased under capital lease obligations at December 31, 2011 and 2010 was approximately $35,000 and $46,000, respectively. Accumulated depreciation for property and equipment purchased under capital lease was approximately $33,000 and $32,000 at December 31, 2011 and 2010, respectively.