Property and Equipment

9 Months Ended

Sep. 30, 2011

Note 4

Property and Equipment:

Set forth below is a detailed listing of property and equipment:

	September 30, 2011			December 31, 2010
	(unaudited)
Lasers in service	$	11,286,322		$	14,061,390
Computer hardware and software		373,403			376,393
Furniture and fixtures		790,856			744,991
Machinery and equipment		724,749			835,780
Leasehold improvements		339,423			339,423
		13,514,753			16,357,977
Accumulated depreciation and amortization		(8,646,755	)		(9,439,033	)
Property and equipment, net	$	4,867,998		$	6,918,944

Depreciation and related amortization expense was $1,903,705 and $2,357,175 for the nine months ended September 30, 2011 and 2010, respectively. At September 30, 2011 and December 31, 2010, net property and equipment included $32,419 and $47,776, respectively, of assets recorded under capitalized lease arrangements, of which $34,993 and $49,225 was included in long-term debt at September 30, 2011 and December 31, 2010, respectively. See Note 10, Long-Term Debt.

- 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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