Fixed Assets Fixed Assets

12 Months Ended

Dec. 31, 2012

Property, Plant and Equipment [Abstract]

Fixed assets at December 31, 2012 and 2011 consist of the following:



	Cost		Accumulated Depreciation and Amortization			Net Book Value
As of December 31, 2012
Machinery, equipment and office furniture	$	2,014,588	$	(1,731,660	)	$	282,928
Leasehold improvements	466,135		(386,042		)	80,093
	$	2,480,723	$	(2,117,702	)	$	363,021
As of December 31, 2011
Machinery, equipment and office furniture	$	1,791,072	$	(1,603,835	)	$	187,237
Leasehold improvements	448,666		(340,118		)	108,548
	$	2,239,738	$	(1,943,953	)	$	295,785

Depreciation expense for the years ended December 31, 2012, 2011 and 2010 was $174,000, $142,000 and $195,000, respectively. The Company determined that the carrying value of these long-lived assets was not impaired for the periods presented.

- 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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