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6. Property and equipment

6 Months Ended

Jun. 30, 2011

Property, Plant and Equipment Disclosure [Text Block]

6.	Property and equipment

Property and equipment were as follows:

	June 30,			December 31,
	2011			2010
	(Unaudited)
Computers and peripherals	$	70,239		$	56,863
Office machines		49,370			20,705
Furniture, fixtures, automobile		96,005			56,468
		215,614			134,036
Less accumulated depreciation		(128,038	)		(123,985	)
	$	87,576		$	10,051

Depreciation expense for the six months ended June 30, 2011 and 2010 was $4,054 and $1,182, respectively, and depreciation expense for the three months ended June 30, 2011 and 2010 was $2,027 and $651, 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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