WaveDancer, Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Fixed Assets

Fixed Assets

12 Months Ended

Dec. 31, 2011

A summary of fixed assets and equipment at December 31, 2011 and 2010, consist of the following:

	2011			2010
Furniture and equipment	$	93,391		$	180,822
Computer equipment and software		211,886			437,737
Subtotal		305,277			618,559
Less: accumulated depreciation and amortization		(264,837	)		(582,854	)
Total	$	40,440		$	37,705

Depreciation expense for the years ended December 31, 2011 and 2010, were $19,464 and $22,908, respectively. During 2011, the Company disposed of fully-depreciated furniture and equipment assets with original base costs of $87,431 and no net book value, and computer equipment and software assets with original base cost of $250,050 and no net book value, for no gain.

- 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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