Property and Equipment

12 Months Ended

Dec. 31, 2012

Property, Plant and Equipment [Abstract]

The net carrying value of property and equipment at December 31, 2012 and 2011 was as follows:



	2012			2011
Furniture and fixtures	$	421,425		$	421,425
Equipment	2,473,813			2,095,825
Software	8,018,509			5,382,424
Leasehold improvements	348,159			313,172
Subtotal	$	11,261,906		$	8,212,846
Less: accumulated depreciation and amortization	(9,151,135		)	(6,622,835		)
Total	$	2,110,771		$	1,590,011

- 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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