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FIXED ASSETS

3 Months Ended

Mar. 31, 2014

Property, Plant and Equipment [Abstract]

Fixed assets consist of the following as of March 31, 2014 and December 31, 2013:

	March 31, 2014			December 31, 2013
Machinery and equipment	$	48,163		$	48,163
Furniture and fixtures		113,635			113,635
Computers, equipment and software		38,540			38,540
Leasehold improvements		12,569			12,569
Lab equipment		113,461			113,461
Total		326,368			326,368
Less: accumulated depreciation		(323,149	)		(322,813	)
Fixed assets, net of accumulated depreciation	$	3,219		$	3,555

Depreciation expense for the three months ended March 31, 2014 and 2013 was $336 and $331, respectively.

- Definition

The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.

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