XML 91 R10.htm IDEA: XBRL DOCUMENT

Equipment

12 Months Ended

Dec. 31, 2012

4. Equipment

At December 31, 2012 and December 31, 2011, equipment, furniture and fixtures were comprised of the following:

	2012			2011
Equipment, furniture and fixtures	$	2,098,812		$	1,900,090
Accumulated depreciation		(750,258	)		(552,311	)
Equipment net of accumulated depreciation	$	1,348,554		$	1,347,779

Depreciation expense amounted to $386,457 and $373,349for the years ended December 31, 2012 and 2011, respectively. The difference between the depreciation expense recognized in the consolidated statement of operations and the increase in accumulated depreciation of $197,947per the consolidated balance sheet is partially attributed to a write off of $196,000 of fully depreciated assets offset by foreign currency rates.

- 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