Data Storage Corporation Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment

Property and Equipment

9 Months Ended

Sep. 30, 2012

Property and Equipment [Abstract]

Property and Equipment

Note 3 - Property and Equipment

Property and equipment, at cost, consist of the following:

	September 30,		December 31,
	2012		2011
Storage equipment	$	2,200,372	$	2,149,294
Website and software		216,086		169,833
Furniture and fixtures		22,837		22,837
Computer hardware and software		91,687		91,687
Data Center		902,444		590,651
		3,433,426		3,024,302
Less: Accumulated depreciation		2,041,248		1,680,484
Net property and equipment	$	1,392,178	$	1,343,818

Depreciation expense for the nine months ended September 30, 2012 and 2011 was $360,764 and $160,767, respectively.

- 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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