Data Storage Corporation Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Property and Equipment

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.

- 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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