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Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2012

Our property and equipment is comprised of the following, at December 31:

	2012			2011
Equipment	$	13,754		$	13,754
Machinery and equipment		2,611,933			1,618,701
Purchased software		129,753			56,404
Furniture and fixtures		13,090			14,040
Subtotal – property and equipment, at cost		2,768,530			1,702,899
Less accumulated depreciation		(763,315	)		(655,763	)
Net property and leasehold improvements	$	2,005,215		$	1,047,136

- Definition

Tabular disclosure of the useful life and salvage value of 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.

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