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Property and Equipment
12 Months Ended
Dec. 31, 2011
Property, Plant and Equipment [Abstract]  
Property, Plant and Equipment Disclosure [Text Block]
4. Property and Equipment

 

Major classes of property and equipment consisted of the following at December 31:

 

    2011     2010  
             
Land and building   $ 677,054     $ 677,054  
Computer hardware and software     1,419,711       1,355,661  
Furniture and fixtures     202,591       126,595  
Leasehold improvements     220,760       -  
Gross property and equipment     2,520,116       2,159,310  
Less: accumulated depreciation and amortization     (1,183,982 )     (917,800 )
                 
Property and equipment, net   $ 1,336,134     $ 1,241,510  

 

For the year ended December 31, 2011 and 2010, depreciation expense recorded was approximately $334,665 and $302,754. There were no material sales or disposals of property and equipment.