Property and Equipment, Net

12 Months Ended

Dec. 31, 2012

Property and Equipment, Net [Abstract]

PROPERTY AND EQUIPMENT, NET

NOTE D – PROPERTY AND EQUIPMENT, NET

Property and equipment consisted of the following at December 31, 2012 and 2011:

	2012			2011			Estimated Useful Lives in Years
Equipment	$	11,462,582		$	8,872,722		3-7
Leasehold improvements		1,906,785			760,111		2-5
Furniture & fixtures		709,574			512,996		7
Computer hardware		1,926,329			1,495,513		3
Computer software		2,547,215			1,308,976		2-3
Assets not yet placed in service		343,769			344,394		—
Subtotal		18,896,254			13,294,712
Less accumulated depreciation and amortization		(10,289,435	)		(6,652,983	)
Property and equipment, net	$	8,606,819		$	6,641,729

Depreciation and amortization expense on property and equipment, including leased assets, for the years ended December 31, 2012 and 2011, was $3,636,000 and $2,085,000 respectively. These amounts are included as part of our Statement of Operations in Cost of Revenue as well as General and Administrative Expenses with the majority of the expense being classified as Cost of Revenue.

Property and equipment under capital leases, included above, consists of the following at December 31, 2012 and 2011:

	2012			2011
Equipment	$	6,373,575		$	5,421,526
Furniture & fixtures		211,797			191,053
Computer hardware		1,221,753			1,024,969
Computer software		131,894			227,831
Leasehold Improvements		134,327			233,386
Assets not yet placed in service		—			—
Subtotal		8,073,346			7,098,765
Less accumulated depreciation and amortization		(3,910,450	)		(2,618,075	)
Property and equipment under capital leases, net	$	4,162,896		$	4,480,690