Leasehold Improvements and Equipment
 6 Months Ended
Jun. 30, 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 June 30, 2012 and December 31, 2011 are as follows:

June 30, 2012 December 31, 2011
Cost Accumulated Depreciation Net Book
Value		 Cost Accumulated Depreciation Net Book
Value
Equipment $ 1,105,402 $ 994,628 $ 110,774 $ 1,093,531 $ 952,623 $ 140,908
Leasehold improvements 175,819 125,372 50,447 175,819 117,268 58,551
Components held for future monitoring equipment builds 210,000 - 210,000 210,000 - 210,000
Software development costs 726,049 308,825 417,224 726,049 236,227 489,822
Monitoring equipment 15,574,140 12,786,249 2,787,891 15,211,374 12,304,274 2,907,100
Total leasehold improvements and equipment $ 17,791,410 $ 14,215,074 $ 3,576,336 $ 17,416,773 $ 13,610,392 $ 3,806,381

 

The Company recorded depreciation expense of $604,682 and $613,508 for the six months ended June 30, 2012 and 2011, respectively.

 

During the periods ending June 30, 2012 and June 30, 2011, the Company capitalized software development costs of $0 and $138,570, respectively.