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Summary of Significant Accounting Policies (Tables)

3 Months Ended

Mar. 31, 2013

Our property and equipment is comprised of the following:

	March 31, 2013			December 31, 2012
Equipment	$	13,754		$	13,754
Machinery and equipment		2,623,315			2,611,933
Purchased software		133,993			129,753
Furniture and fixtures		13,090			13,090
Subtotal – property and equipment, at cost		2,784,152			2,768,530
Less accumulated depreciation		(787,691	)		(763,315	)
Net property and leasehold improvements	$	1,996,461		$	2,005,215

- Definition

Tabular disclosure of the useful life and salvage value of 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.

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