PROPERTY AND EQUIPMENT

6 Months Ended

Jun. 30, 2011

5. PROPERTY AND EQUIPMENT

At June 30, 2011 and December 31, 2010, property and equipment consisted of the following:

					Estimate
		June 30, 2011		December 31, 2010	Useful Life
					In Years
Furniture and office equipment	$	212,086	$	198,787	5
Computer software		112,182		112,182	3
Leasehold Improvements		21,294		21,294	Life of Lease
	$	345,562	$	332,263

Less: Accumulated Depreciation	$	286,238	$	281,017

Net Property and Equipment	$	59,324	$	51,246

Depreciation and amortization of property and equipment amounted to $5,221 and $10,507 for the six months ended June 30, 2011 and 2010, respectively.

Software Development Costs	$	678,700	$	678,700	3

Less: Accumulated Amortization		674,901		576,032

Net Software Development Costs	$	3,799	$	102,668

The Company’s policy is to capitalize software development costs in accordance with ASC 985-730 (See Note 2, Summary of Significant Accounting Policies). Amortization of Software Development Costs amounted to $98,867 and $113,054 for the six months ended June 30, 2011 and 2010, respectively, and is included within Selling, General and Administrative Expenses.

- 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.

+ References+ Details

CYBRA CORP 10-Q/A