Property and Equipment

12 Months Ended

Dec. 31, 2012

3.	Property and Equipment

Property and equipment consist of the following:


	December 31, 2012			December 31, 2011
Leasehold improvements	$	7,279		$	7,279
Furniture and equipment		195,927			184,965

Property and equipment, gross		203,206			192,244
Accumulated depreciation		(181,498	)		(164,418	)

Net property and equipment	$	21,708		$	27,826

Depreciation expense was $17,080 and $35,771 for the years ended December 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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