PROPERTY AND EQUIPMENT

9 Months Ended

Sep. 30, 2011

4.	PROPERTY AND EQUIPMENT

Our property and equipment consist of the following:

	September 30, 2011			December 31, 2010

Land	$	410,728		$	410,728

Buildings and improvements, leasehold improvements		2,313,004			2,246,153

Equipment		2,333,019			2,261,115

Furniture		270,248			282,278

Software		813,799			813,799

Total		6,140,798			6,014,073

Less accumulated depreciation and amortization		(3,680,679	)		(3,506,259	)

Net property and equipment	$	2,460,119		$	2,507,814

We review long-lived assets, including intangible assets subject to amortization, for possible impairment whenever events or changes in circumstances indicate that the carrying value of an asset may not be recoverable.

We assess the recoverability of such long-lived assets by determining whether the amortization of the balances over their remaining lives can be recovered through undiscounted future operating cash flows. The amount of impairment, if any, is measured based on projected discounted future operating cash flows. The assessment of the recoverability of long-lived assets will be impacted if estimated future operating cash flows are not achieved. We conducted an impairment test for property and equipment in February 2011 for the December 31, 2010 reporting period and concluded that the carrying value of these assets is recoverable through expected future operating cash flows.

- Definition

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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