Leasehold Improvements and Equipment
 9 Months Ended
Sep. 30, 2012
Property, Plant and Equipment [Abstract]  
Leasehold Improvements and Equipment

Note 4. Leasehold Improvements and Equipment

 

The cost and accumulated depreciation of our leasehold improvements and equipment as of September 30, 2012 and December 31, 2011 are as follows: 

 

    September 30, 2012     December 31, 2011  
    Cost     Accumulated
Depreciation		     Net Book
Value		     Cost     Accumulated
Depreciation		     Net Book
Value		  
Equipment   $ 1,106,824     $ 1,012,416     $ 94,408     $ 1,093,531     $ 952,623     $ 140,908  
Leasehold improvements     175,819       129,424       46,395       175,819       117,268       58,551  
Components held for future monitoring equipment builds     209,020       -       209,020       210,000       -       210,000  
Software development costs     726,049       331,765       394,284       726,049       236,227       489,822  
Monitoring equipment     15,652,982       13,020,393       2,632,589       15,211,374       12,304,274       2,907,100  
Total leasehold improvements and equipment   $ 17,870,694     $ 14,493,998     $ 3,376,696     $ 17,416,773     $ 13,610,392     $ 3,806,381  

 

The Company recorded depreciation expense of $883,606 and $896,686 for the nine months ended September 30, 2012 and 2011, respectively.

 

During the period ending September 30, 2011, the Company capitalized software development costs of $163,850. No software development costs were capitalized during the period ending September 30, 2012.