Property and Equipment

12 Months Ended

Dec. 31, 2012

Property and Equipment Disclosure [Text Block]

Property and Equipment

Property and equipment consisted of the following:



	December 31, 2012			December 31, 2011
Office furniture, computers and equipment	$	43,258		$	39,416
Leasehold improvements	30,852			20,604
Financial systems	15,350			6,128
Sub-total	89,460			66,148
Less: accumulated depreciation	(39,534		)	(32,516		)
Property and equipment, net	$	49,926		$	33,632

Depreciation of property and equipment is summarized as follows:



	Year Ended
	December 31, 2012		December 31, 2011		December 31, 2010
Depreciation expense	$	8,716	$	6,157	$	6,156

- 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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