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Property and Equipment
6 Months Ended
Jun. 30, 2011
Property and Equipment

Note 2 - Property and Equipment

 

The net carrying value of property and equipment consisted of the following as of:

 

   June 30, 2011
(Unaudited)
   
December 31, 2010
Furniture and fixtures  $427,121   $427,121 
Equipment   3,050,346    3,078,393 
Software   5,759,757    5,514,375 
Leasehold improvements   321,873    321,873 
Subtotal   9,559,097    9,341,762 
Less: accumulated depreciation and amortization   (7,369,929)   (6,592,664)
Net property and equipment from continuing operations  $2,189,168   $2,749,098 

 

Depreciation expense for the three months ended June 30, 2011 and 2010 was approximately $391,000 and $469,000, respectively. Additionally, depreciation expense for the six months ended June 30, 2011 and 2010 was approximately $805,000 and $935,000, respectively. Depreciation is included in selling, general and administrative expenses in the accompanying consolidated statements of operations.