Property and Equipment, Net

3 Months Ended

Mar. 31, 2012

Property and Equipment, Net [Abstract]

Property and Equipment, Net

8. Property and Equipment, Net

Property and equipment, net consists of the following:

	March 31, 2012			December 31, 2011
Leasehold improvements	$	111,908		$	104,739
Equipment		610,571			584,416
Motor vehicles		121,616			124,847
Furniture and fixtures		460,750			460,750
		1,304,845			1,274,752
Less: accumulated depreciation		(900,377	)		(848,349	)
Property and equipment, net	$	404,468		$	426,403

Depreciation expense for the three months ended March 31, 2012 and 2011 was approximately $54,000 and $35,000, respectively. Property and equipment purchased under capital lease obligations at March 31, 2012 and December 31, 2011 was approximately $35,000, respectively. Accumulated depreciation for property and equipment purchased under capital lease was approximately $35,000 and $33,000 at March 31, 2012 and December 31, 2011, respectively.