Fixed Assets

12 Months Ended

Dec. 31, 2011

Notes to Financial Statements

Note 3 - Fixed Assets

A summary of fixed assets and equipment at December 31, 2011 and 2010, consist of the following:

	2011			2010
Furniture and equipment	$	93,391		$	180,822
Computer equipment and software		211,886			437,737
Subtotal		305,277			618,559
Less: accumulated depreciation and amortization		(264,837	)		(582,854	)
Total	$	40,440		$	37,705

Depreciation expense for the years ended December 31, 2011 and 2010, were $19,464 and $22,908, respectively.  During 2011, the Company disposed of fully-depreciated furniture and equipment assets with original base costs of $87,431 and no net book value, and computer equipment and software assets with original base cost of $250,050 and no net book value, for no gain.