FIXED ASSETS

6 Months Ended

Dec. 31, 2011

3. FIXED ASSETS

Fixed assets consisted of the following:

		December 31,			June 30,
		2011			2011

Computer hardware	$	122,448		$	118,978
Leasehold improvements		10,500			10,500
Opie/VMS installed		11,295			11,295
Vehicles		23,992			23,992
		168,235			164,765
Accumulated depreciation		(149,214	)		(139,150	)
	$	19,021		$	25,615

During the six-months ended December 31, 2011 and 2010, depreciation expense was $10,064 and $14,315, respectively.

- 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

HS3 TECHNOLOGIES INC. 10-Q