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

Property and Equipment

v2.4.0.6
Property and Equipment
9 Months Ended
Sep. 30, 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:
 
  
September 30,
 
December 31,
 
 
2011
 
2010
 
Storage equipment
 
$
2,111,633
   
$
1,613,259
 
Website and software
   
175,434
     
169,833
 
Furniture and fixtures
   
22,837
     
22,837
 
Computer hardware and software
   
86,183
     
84,592
 
Data Center
   
187,245
     
141,250
 
     
2,583,332
     
2,031,771
 
Less: Accumulated depreciation
   
1,556,140
     
1,200,448
 
Net property and equipment
 
$
1,027,192
   
$
831,323
 
 
Depreciation expense for the nine months ended September 30, 2011 and 2010 was $355,692 and $73,376, respectively.