Property and Equipment

12 Months Ended

Dec. 31, 2011

Notes to Financial Statements

Note 10. Property and Equipment

The components of property and equipment are summarized as follows:

			Accumulated
	Cost		Depreciation			Net
December 31, 2011
Building	$	1,457,543	$	(112,001	)	$	1,345,542
Land		132,097		-			132,097
Furniture		132,323		(52,034	)		80,289
Computer equipment and software		212,224		(184,050	)		28,174
Automobile		81,394		(21,155	)		60,239
Total	$	2,015,581	$	(369,240	)	$	1,646,341
December 31, 2010
Building	$	1,379,631	$	(59,993	)	$	1,319,638
Land		132,097		-			132,097
Furniture		55,124		(39,817	)		15,307
Computer equipment and software		199,443		(141,552	)		57,891
Automobile		60,096		-			60,096
Total	$	1,826,391	$	(241,362	)	$	1,585,029

Depreciation expense for the years ended December 31, 2011 and 2010 was $126,990 and $139,563, respectively