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

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

Property and Equipment

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.

- 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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