Property and Equipment (Tables)

3 Months Ended

Mar. 31, 2013

Property and equipment, at cost, consisted of the following:

	Estimated
	Useful Life	December 31,	March 31,
	(Years)	2012	2013

			(Unaudited)
Computer equipment	2 to 7	$ 574,096	$ 574,097
Software	3 to 5	104,500	104,500
Leasehold improvements	1 to 5	174,429	174,429
Office furniture and equipment	5 to 7	1,452,675	1,452,674

		2,305,700	2,305,700

Less accumulated depreciation and amortization		(2,170,488 )	(2,204,400 )

		$ 135,212	$ 101,300

- 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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