Property And Equipment

12 Months Ended

Dec. 31, 2011

5. PROPERTY AND EQUIPMENT

A summary of property and equipment at December 31 is as follows:


		2011		2010
Furniture, fixtures and equipment	$	1,915,375	$	1,847,377
Vehicles		253,176		278,121
Leasehold improvements		1,555,057		1,555,057
Totals	$	3,723,608	$	3,680,555

Accumulated depreciation and amortization at December 31, is as follows:


		2011		2010
Furniture, fixtures and equipment	$	1,554,629	$	1,445,985
Vehicles		232,527		272,530
Leasehold improvements		411,572		255,069


Totals	$	2,198,728	$	1,973,584
Property and Equipment, Net	$	1,524,880	$	1,706,971

Depreciation and amortization expense totaled $267,741, $277,868 and $247,311 for the years ended December 31, 2011, 2010 and 2009, 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.

+ References+ Details