Telkonet, Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

6. PROPERTY AND EQUIPMENT

6. PROPERTY AND EQUIPMENT

12 Months Ended

Dec. 31, 2012

Property, Plant and Equipment [Abstract]

The Company’s property and equipment at December 31, 2012 and 2011 consists of the following:

	2012			2011

Telecommunications and related equipment	$	117,637		$	117,637
Development test equipment		113,787			100,837
Computer software		189,033			160,894
Leasehold improvements		2,675			2,675
Office equipment		351,302			349,297
Office fixtures and furniture		237,811			237,811
Total		1,012,245			969,151
Accumulated depreciation		(976,347	)		(957,198	)
Total property and equipment	$	35,898		$	11,953

Depreciation expense included as a charge to income was $19,150 and $26,896 for 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.

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