Quarterly report pursuant to sections 13 or 15(d)

PROPERTY AND EQUIPMENT

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PROPERTY AND EQUIPMENT
3 Months Ended
Mar. 31, 2013
Property, Plant and Equipment [Abstract]  
PROPERTY AND EQUIPMENT

 

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

 

    March 31, 2013   December 31, 2012
Computer equipment   $ 54,308     $ 51,516  
Furniture and fixtures     73,771       73,772  
Office equipment     10,320       10,320  
Leasehold improvements     6,367       6,367  
      144,766       141,975  
Less: accumulated depreciation     (103,092 )     (98,576 )
    $ 41,674     $ 43,399  

 

Included in depreciation expense was $4,516 and $4,265 for the three months ended March 31, 2013 and 2012, respectively.