General form of registration statement for all companies including face-amount certificate companies

Property and Equipment

v2.4.0.6
Property and Equipment
12 Months Ended
Dec. 31, 2011
Property, Plant and Equipment [Abstract]  
Property, Plant and Equipment Disclosure [Text Block]
 
Note 3 - Property and Equipment
 
Property and equipment, at cost, consist of the following:
 
  
 
December 31,
 
   
2011
   
2010
 
Storage equipment
$
2,149,294
   
$
1,613,359
 
Website and software
 
169,833
     
169,833
 
Furniture and fixtures
 
22,837
     
22,837
 
Computer hardware and software
91,687
     
84,592
 
Data Center
   
590,651
     
141,250
 
     
3,024,302
     
2,031,771
 
Less: Accumulated depreciation
 
1,680,484
     
1,200,448
 
Net property and equipment
$
1,343,818
   
$
831,323
 
 
Depreciation expense for the years ended December 31, 2011 and 2010 was $480,036 and $287,065, respectively.