PROPERTY AND EQUIPMENT, NET

12 Months Ended

Dec. 31, 2010

4.	PROPERTY AND EQUIPMENT, NET

Property and equipment is summarized as follows at December 31, 2010 and 2009:

	2010			2009
Equipment		1,902,052			1,612,208
Computers and software		749,584			738,540
		2,651,636			2,350,748
Less accumulated depreciation		(1,641,274	)		(1,258,813	)
	$	1,010,362		$	1,091,935

Depreciation expense for the years ended December 31, 2010 and 2009 was $432,974 and $396,302, 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.

+ References+ Details