Annual report pursuant to Section 13 and 15(d)

4. Fixed Assets

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4. Fixed Assets
 12 Months Ended
Dec. 31, 2012
Fixed Assets  
4. Fixed Assets

A summary of fixed assets and equipment at December 31, 2012 and 2011, consist of the following:

 

    2012     2011  
                 
Furniture and equipment   $ 93,391     $ 93,391  
Computer equipment and software     238,136       211,886  
Subtotal     331,527       305,277  
Less: accumulated depreciation and amortization     (292,301 )     (264,837 )
Total   $ 39,226     $ 40,440  

 

Depreciation expense for the years ended December 31, 2012 and 2011, was $27,464 and $19,464, respectively.