XML 48 R10.htm IDEA: XBRL DOCUMENT v2.4.0.6
Note 3 Equipment
6 Months Ended
Jun. 30, 2012
Notes to Financial Statements  
Note 3 Equipment

NOTE 3 – EQUIPMENT

 

Equipment consists of the following:

 

      June 30, 2012   December 31, 2011
           
Office equipment     $                15,980     $                    12,816
Lab equipment                      279,941                         169,028
Furniture                           4,061                             3,494
Leasehold Improvements                      18,960                             5,368
                         318,942                         190,706
Less: Accumulated depreciation                    118,441                         101,955
           
        $               200,501     $                    88,751

 

Depreciation expense for the six months ending June 30, 2012 and 2011 was $16,486 and $14,107. Depreciation expense for the three months ending June 30, 2012 and 2011 was $9,750 and $6,638.