Property and Equipment

12 Months Ended

Dec. 31, 2011

3. Property and Equipment

Property and equipment as of December 31, 2011 and 2010 consisted of the following:

	2011		2010
Equipment	$	1,077,200	$	1,051,600
Furniture		236,000		236,000
Leasehold improvements		23,000		23,000
		1,336,200		1,310,600
Less: accumulated depreciation and amortization		1,292,300		1,240,700
	$	43,900	$	69,900

Aggregate property and equipment depreciation expense for the years ended December 31, 2011and 2010 was $51,600 and $82,500, respectively.

- 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.

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