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Property and Equipment
12 Months Ended
Dec. 31, 2011
Notes to Financial Statements  
Property and Equipment

 

(2) Property and Equipment

 

Property and equipment consist of the following:

 

   December 31,  December 31,
   2011  2010
   Computer hardware and software  $19,080,877   $22,428,165 
   Furniture and equipment   803,950    728,727 
   Leasehold improvements   2,264,180    2,094,536 
   Automobile   13,008    13,008 
    22,162,015    25,264,436 
   Less accumulated depreciation   (17,797,835)   (19,468,423)
   $4,364,180   $5,796,013 

 

During the years ended December 31, 2011 and 2010, the Company wrote off approximately $5.3 million and $2.6 million, respectively, of fully depreciated assets and related accumulated depreciation, for book purposes only. Depreciation expense was $3,643,895, $4,542,280, and $4,690,385 in 2011, 2010, and 2009, respectively.