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Property and Equipment, Net

9 Months Ended

Sep. 30, 2011

NOTE 5

Property and Equipment, Net

Property Plant and Equipment for the Company consists of the following, as of September 30, 2011(consolidated and unaudited), and at December 31, 2010 (consolidated and audited):

At September 30, 2011 (Consolidated, Unaudited)

			Purchase
	Useful Life		Price

Computers and equipment		3		12,539
Furniture		7		9,430
Leasehold Improvments		3		0

Total cost				21,969
Accumulated depreciation and amortization				6,644
Property Plant and Equipment, Net				15,325


At December 31, 2010 (Consolidated, Audited)

			Purchase
	Useful Life		Price

Computers		3		109,294
Software license and development		5		1,574,866
Furniture and equipment		7		128,962
Leasehold Improvements		10		21,133
Vehicle		5		7,221

Total cost				1,841,476
Accumulated depreciation and amortization				399,254
Property Plant and Equipment, Net				1,442,222

- 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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