FURNITURE, EQUIPMENT AND LEASEHOLD IMPROVEMENTS, NET (Parent Company)

12 Months Ended

Dec. 31, 2011

Parent Company

NOTE C - FURNITURE, EQUIPMENT AND LEASEHOLD IMPROVEMENTS, NET

Furniture, equipment and leasehold improvements consist of the following:

	December 31,
	2011	2010
Equipment	$2,307,000	$2,524,000
Leasehold improvements	29,000	36,000
Furniture and fixtures	23,000	28,000
	2,359,000	2,588,000
Less accumulated depreciation and amortization	(1,602,000)	(1,342,000)
	$757,000	$1,246,000

Depreciation and amortization expense for the years ended December 31, 2011, 2010 and 2009 amounted to $510,000, $523,000 and $457,000, respectively.