Property and Equipment

12 Months Ended

Dec. 31, 2012

(2) Property and Equipment

Property and equipment is summarized as follows:

	December 31,

	2012		2011
Land	$	19,954	$	19,954
Machinery and equipment		67,582		50,081
Furniture and fixtures		22,280		13,794
Leasehold improvements		85,134		53,623

		194,950		137,452
Less accumulated depreciation and amortization		69,580		47,195

Net property and equipment	$	125,370	$	90,257

- 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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