PROPERTY AND EQUIPMENT

12 Months Ended

Dec. 31, 2012

PROPERTY AND EQUIPMENT [Abstract]

PROPERTY AND EQUIPMENT

NOTE 5 – PROPERTY AND EQUIPMENT

Property and equipment consist of the following as of:

	December 31,
	2012			2011
Land	$	-		$	410,728
Buildings and improvements, leasehold improvements		15,141			2,278,264
Equipment		1,898,920			2,339,853
Furniture		5,333			250,751
Software		801,498			801,498
Total		2,720,892			6,081,094
Less accumulated depreciation and amortization		(2,639,269	)		(3,714,914	)
Property and equipment - net	$	81,623		$	2,366,180

Property and equipment are depreciated over 3 to 40 years using the straight line, half year convention. The number of years is dependent upon the useful life of the equipment. Depreciation expense was approximately $193,000 and $338,000 for the years ended December 31, 2012 and 2011, respectively. Depreciation expense is included in general and administrative expense.