PROPERTY AND EQUIPMENT

12 Months Ended

Dec. 31, 2012

Property, Plant and Equipment [Abstract]

NOTE 3 - PROPERTY AND EQUIPMENT

Property and equipment consisted of the following:

		December 31,			December 31,
	Estimated life	2012			2011
Computer and office equipment	3 to 5 years	$	378,703		$	377,415
Leasehold improvements	5 years		—			—
			378,703			377,415
Less Accumulated depreciation			(341,255	)		(279,345	)
		$	37,448		$	98,070

Depreciation expense amounted to $61,910 and $217,537 during the years ended December 31, 2012 and 2011, 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

SPARE BACKUP, INC. 10-K/A