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4. PROPERTY AND EQUIPMENT
12 Months Ended
Dec. 31, 2012
Notes to Financial Statements  
4. PROPERTY AND EQUIPMENT

Property and equipment consist of the following at December 31, 2012 and 2011:

 

    2012     2011  
Leasehold improvement   $ 74,945     $ 149,700  
Furniture and fixtures     49,265       49,265  
Equipment     89,514       89,513  
      213,724       288,478  
Accumulated depreciation and amortization     (164,710 )     (151,760 )
Property and equipment, net   $ 49,014     $ 136,718  

 

Depreciation and amortization expense was approximately $53,000 and $83,300 for the years ended December 31, 2012 and 2011, respectively.