Property and Equipment, Net

12 Months Ended

Dec. 31, 2011

5. Property and Equipment, Net

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

	Estimated
	Useful
	Lives	2011			2010
Computers and equipment	3 years	$	12,539		$	11,025
Furniture	7 years		9,430			9,430
			21,969			20,455
Less: Accumulated depreciation			(8,025	)		(2,794	)
		$	13,944		$	17,661

Depreciation and amortization expense for the years ended December 31, 2011 and 2010 was $5,232 and $10,717, 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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