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Property and Equipment

9 Months Ended

Sep. 30, 2011

Notes to Financial Statements

Property and Equipment

Note 2 - Property and Equipment

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

		September 30, 2011 (Unaudited)				December 31, 2010
Furniture and fixtures		$	427,121			$	427,121
Equipment			3,058,307				3,078,393
Software			5,851,825				5,514,375
Leasehold improvements			321,873				321,873
Subtotal			9,659,126				9,341,762
Less: accumulated depreciation and amortization			(7,741,970	)			(6,592,664	)
Net property and equipment from continuing operations		$	1,917,156			$	2,749,098

Depreciation expense for the three months ended September 30, 2011 and 2010 was approximately $379,000 and $455,000, respectively. Additionally, depreciation expense for the nine months ended September 30, 2011 and 2010 was approximately $1,184,000 and $1,390,000, respectively. Depreciation is included in selling, general and administrative expenses in the accompanying consolidated statements of operations.

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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