Leasehold Improvements and Equipment
 3 Months Ended
Mar. 31, 2012
Property, Plant and Equipment [Abstract]  
Leasehold Improvements and Equipment

Note 3. Leasehold Improvements and Equipment

 

The cost and accumulated depreciation of our leasehold improvements and equipment as of March 31, 2012 and December 31, 2011 are as follows:

 

  March 31, 2012  December 31, 2011 
  Cost  Accumulated
Depreciation		  Net Book
Value		  Cost  Accumulated
Depreciation		  Net Book
Value		 
Equipment $1,105,403  $974,362  $131,041  $1,093,531  $952,623  $140,908 
Leasehold improvements  175,819   121,320   54,499   175,819   117,268   58,551 
Components held for future monitoring equipment builds  210,000   -   210,000   210,000   -   210,000 
Software development costs  726,049   285,886   440,163   726,049   236,227   489,822 
Monitoring equipment  15,320,333   12,553,479   2,766,854   15,211,374   12,304,274   2,907,100 
Total leasehold improvements and equipment $17,537,604  $13,935,047  $3,602,557  $17,416,773  $13,610,392  $3,806,381 

 

The Company recorded depreciation expense of $324,655 and $308,628 for the three months ended March 31, 2012 and 2011, respectively.

 

During the periods ending March 31, 2012 and March 31, 2011, the Company capitalized software development costs of $0 and $96,738, respectively.