XML 30 R12.htm IDEA: XBRL DOCUMENT v2.4.0.6
Property and Equipment
12 Months Ended
Dec. 31, 2011
Property and Equipment [Abstract]  
Property and Equipment
6. PROPERTY AND EQUIPMENT

Major classes of property and equipment, stated at cost, as of December 31, 2011 and 2010 are as follows:

 

                 
    2011     2010  

Leasehold Improvements

  $ 446,164     $ 401,006  

Machinery and Equipment

    5,848,306       5,686,102  

Information Technology & Office Equipment

    1,921,668       1,871,022  

Laboratory Equipment

    508,929       538,052  

Transportation Equipment

    417,493       421,159  
   

 

 

   

 

 

 
      9,142,560       8,917,341  

Accumulated Depreciation

    (6,852,084     (5,867,828
   

 

 

   

 

 

 

Net Property and Equipment

  $ 2,290,476     $ 3,049,513  
   

 

 

   

 

 

 

 

Included in the table above are assets under capital lease obligations as follows:

 

                 
    2011     2010  

Assets under Capital Lease Obligations

  $ 84,832     $ 84,832  

Net Book Value of Assets under Capital Lease Obligations

    29,269       45,332  

Depreciation expense was $1,141,545 for 2011, $1,341,472 for 2010 and $1,202,438 for 2009.