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Property and Equipment (Tables)
12 Months Ended
Dec. 31, 2012
Property and Equipment

Property and equipment consisted of the following at December 31, 2012 and 2011:

 

Description

   Life      2012     2011  

Computer equipment

     3 years       $ 121,129      $ 99,603   

Office furniture and equipment

     5-7 years         274,438        251,170   

Software

     3 years         149,867        96,097   

Laboratory equipment

     7 years         1,020,158        994,994   

Leasehold improvements

     10 years         622,772        603,445   

Manufacturing equipment

     7 years         571,187        177,528   
     

 

 

   

 

 

 

Subtotal

        2,759,551        2,222,837   

Less: accumulated depreciation

        (1,494,510     (1,193,601
     

 

 

   

 

 

 

Property and equipment, net

      $ 1,265,041      $ 1,029,236