PROPERTY AND EQUIPMENT

9 Months Ended

Oct. 31, 2011

9. PROPERTY AND EQUIPMENT

Property and Equipment consisted of the following:

	October 31,			January 31,
	2011			2011
Website	$	4,568		$	4,568
Computers		13,912			13,912
Software		157,468			155,039
Machinery and equipment		65,271			50,815
Furniture and fixtures		7,053			-
Leasehold improvements		8,198			-
Gross Property and Equipment		256,470			224,334
Less accumulated depreciation		(212,502	)		(202,741	)
Net Property and Equipment	$	43,968		$	21,593

Depreciation expense was $3,941 and $2,330 for the three month periods ended October 31, 2011 and 2010, respectively. Depreciation expense was $9,814 and $8,330 for the nine month periods ended October 31, 2011 and 2010, respectively.

- 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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