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

Annual report pursuant to Section 13 and 15(d)

NOTE G - PROPERTY AND EQUIPMENT

NOTE G - PROPERTY AND EQUIPMENT

12 Months Ended

Dec. 31, 2011

Property, Plant and Equipment Disclosure [Text Block]

NOTE G – PROPERTY AND EQUIPMENT

The Company’s property and equipment at December 31, 2011 and 2010 consists of the following:

	2011			2010
				(As Restated)
Telecommunications and related equipment		117,637			117,637
Development Test Equipment		100,837			153,485
Computer Software		160,894			160,894
Leasehold Improvements		2,675			2,675
Office Equipment		349,297			354,097
Office Fixtures and Furniture		237,811			237,811
Total		969,151			1,026,599
Accumulated Depreciation		(957,198	)		(983,270	)
	$	11,953		$	43,329

Depreciation expense included as a charge to income was $26,896 and $111,701 for December 31, 2011 and 2010 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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