FIXED ASSETS (Tables)

4 Months Ended

Dec. 31, 2012

Fixed assets consisted of the following:

	December 31,			August 31,
Category	2012			2012			2011			Estimated useful lives
Leasehold improvements	$	146		$	146		$	125		Shorter of life of asset or lease term
Office furniture		35			3			3		7 years
Laboratory equipment		593			569			285		5 years
Computer hardware and software		204			205			131		3 years
Capital lease equipment		27			26			14		Shorter of life of asset or lease term
Total at cost		1,005			949			558
Less: accumulated depreciation		(589	)		(546	)		(481	)
Total fixed assets, net	$	416		$	403		$	77

- Definition

Tabular disclosure of the useful life and salvage value of 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.

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