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6. Property and equipment

9 Months Ended

Sep. 30, 2011

Property, Plant and Equipment Disclosure [Text Block]

6.	Property and equipment

Property and equipment were as follows:

	September 30, 2011			December 31, 2010
	(Unaudited)
Computers and peripherals	$	97,660		$	56,863
Office machines		49,370			20,705
Furniture, fixtures and automobile		117,584			56,468
		264,614			134,036
Less accumulated depreciation		(138,500	)		(123,985	)
	$	126,114		$	10,051

Depreciation for the nine months ended September 30, 2011 and 2010 was $14,515 and $2,677, respectively, and depreciation for the three months ended September 30, 2011 and 2010 was $10,461 and $1,497, 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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