Property And Equipment, Net

12 Months Ended

Dec. 31, 2011

Property And Equipment, Net [Abstract]

NOTE D – PROPERTY AND EQUIPMENT, NET

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


	2011			2010			Estimated Useful Lives in Years
Equipment	$	8,872,722		$	6,484,265			3-7
Leasehold improvements		760,111			703,606			3-5
Furniture & fixtures		512,996			404,636			7
Computer hardware		1,495,513			708,573			3
Computer software		1,308,976			1,106,032			3
Assets not yet placed in service		344,394			—			—

Subtotal		13,294,712			9,407,112
Less accumulated depreciation and amortization		(6,652,983	)		(4,567,668	)

Property and equipment, net	$	6,641,729		$	4,839,444

Depreciation and amortization expense on property and equipment, including leased assets, for the years ended December 31, 2011 and 2010, was $2,085,000 and $1,781,000, respectively.

Property and equipment under capital leases, included above, consists of the following at December 31, 2011 and 2010:


	2011			2010
Equipment	$	5,421,526		$	4,882,700
Furniture & fixtures		191,053			178,608
Computer hardware		1,024,969			462,529
Computer software		227,831			370,645
Leasehold Improvements		233,386			233,386
Assets not yet placed in service		—			—

Subtotal		7,098,765			6,127,868
Less accumulated depreciation and amortization		(2,618,075	)		(2,708,403	)

Property and equipment under capital leases, net	$	4,480,690		$	3,419,465

- 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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