Quarterly report pursuant to sections 13 or 15(d)

PROPERTY AND EQUIPMENT

v2.4.0.6
PROPERTY AND EQUIPMENT
6 Months Ended
Jun. 30, 2012
Text Block [Abstract]  
PROPERTY AND EQUIPMENT

 

Property and equipment, recorded at cost, consisted of the following as of:

 

    June 30, 2012   December 31, 2011
Computer equipment   $ 43,845     $ 43,845  
Furniture and fixtures     62,976       62,976  
Office equipment     10,320       10,320  
Leasehold improvements     6,367       6,367  
      123,508       123,508  
Less: accumulated depreciation     (89,424 )     (80,871 )
    $ 34,084     $ 42,637  

 

Depreciation expense was $8,553 and $8,873 for the six months ended June 30, 2012 and 2011, respectively.