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Fixed Assets
12 Months Ended
Dec. 31, 2011
Property, Plant and Equipment [Abstract]  
Property, Plant and Equipment Disclosure [Text Block]

5. Fixed Assets

 

The following is a summary of the fixed assets as of December 31:

 

    2011     2010  
    Cost     Accumulated
Depreciation
    Net Book 
Value
    Cost     Accumulated
Depreciation
    Net Book 
Value
 
Computers, furniture and
fixtures
  $ 100,373     $ (73,521 )   $ 26,852     $ 94,268     $ (68,540 )   $ 25,728  
Leasehold improvements     49,292       (28,407 )     20,885       41,217       (25,892 )     15,325  
    $ 149,665     $ (101,928 )   $ 47,737     $ 135,485     $ (94,432 )   $ 41,053  

 

Included in fixed assets are assets under capital lease obligations with a cost of $4,243, (2010 — $4,323) and accumulated depreciation of $2,816 (2010 — $2,421). Depreciation expense for the years ended December 31, 2011, 2010 and 2009 was $17,653, $16,441 and $16,087, respectively.