Note 4 - Property and Equipment

v2.3.0.11

Note 4 - Property and Equipment	3 Months Ended
	Mar. 31, 2012
Property, Plant and Equipment Disclosure [Text Block]	4.     Property and Equipment Property and equipment consist of the following as of:     March 31, 2012     December 31, 2011                 Equipment     939,451     $ 934,253   Furniture and fixtures     105,376       106,054   Leasehold improvements     157,236       157,236   Computer equipment and software     101,482       101,482   Loaned systems     753,672       723,975         2,057,217       2,023,000   Less accumulated depreciation and amortization     (898,303 )     (804,170 ) Total property and equipment, net     1,158,914     $ 1,218,830   Depreciation and amortization expense for the three months ended March 31, 2012 and 2011 was $94,133 and $66,463, respectively. The Company may loan the reusable components of a ClearPoint system to a customer. Any such customer uses the loaned ClearPoint system to perform procedures using ClearPoint disposable products which are purchased from the Company. Accordingly, the $753,671 and $723,975 of loaned systems at March 31, 2012 and December 31, 2011, respectively, represent the historical cost of ClearPoint reusable components transferred from inventory to property and equipment. Depreciation on loaned ClearPoint systems is computed using the straight-line method based on an estimated useful life of five years. At March 31, 2012 and December 31, 2011, accumulated depreciation on loaned systems was $111,533 and $73,846, respectively.