2.4.0.8103 - Disclosure - EQUIPMENTtruefalsefalse1false
falsefalsefrom-2013-01-01-to-2013-06-30.4034.0.0.0.0.0.0.0http://www.sec.gov/CIK0001325964duration2013-01-01T00:00:002013-06-30T00:00:002false
falsefalsefrom-2012-01-01-to-2012-12-31.4025.0.0.0.0.0.0.0http://www.sec.gov/CIK0001325964duration2012-01-01T00:00:002012-12-31T00:00:001true
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2us-gaap_PropertyPlantAndEquipmentDisclosureTextBlockus-gaap_truenadurationfalsefalsefalsefalsefalsefalsefalsefalseterseLabel| 1falsefalsefalse00<!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --><div> <div><!--StartFragment--> <div style="DISPLAY: block; FONT-FAMILY: Arial; FONT-SIZE: 10pt; FONT-WEIGHT: bold; LINE-HEIGHT: 11.4pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt; text-align: left; TEXT-INDENT: 0pt"> NOTE 3 - EQUIPMENT</div> <div style="DISPLAY: block; LINE-HEIGHT: 11.4pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt; text-align: left; TEXT-INDENT: 0pt"> </div> <div style="DISPLAY: block; FONT-FAMILY: Arial; FONT-SIZE: 10pt; LINE-HEIGHT: 11.4pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt; text-align: left; TEXT-INDENT: 0pt"> Equipment consists of the following:</div> <div style="DISPLAY: block; LINE-HEIGHT: 11.4pt; TEXT-INDENT: 0pt"> <br /> </div> <div style="DISPLAY: block; LINE-HEIGHT: 11.4pt; text-align: left; TEXT-INDENT: 0pt"> <table style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman" cellspacing="0" cellpadding="0" width="100%"> <tr> <td style="PADDING-BOTTOM: 0.75pt" valign="bottom" width="70%"> <font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"> </font> </td> <td style="PADDING-BOTTOM: 0.75pt" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"> </font> </td> <td style="BORDER-BOTTOM: #646464 0.75pt solid" valign="bottom" width="13%" colspan="2" nowrap="nowrap"> <div style="DISPLAY: block; FONT-FAMILY: arial; FONT-SIZE: 10pt; LINE-HEIGHT: 11.4pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt; text-align: center; TEXT-INDENT: 0pt"> June 30, 2013</div> </td> <td style="PADDING-BOTTOM: 0.75pt; TEXT-ALIGN: left" valign="bottom" width="1%" nowrap="nowrap"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"> </font> </td> <td style="PADDING-BOTTOM: 0.75pt" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"> </font> </td> <td style="BORDER-BOTTOM: #646464 0.75pt solid" valign="bottom" width="13%" colspan="2" nowrap="nowrap"> <div style="DISPLAY: block; FONT-FAMILY: arial; FONT-SIZE: 10pt; LINE-HEIGHT: 11.4pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt; text-align: center; TEXT-INDENT: 0pt"> December 31, 2012</div> </td> <td style="PADDING-BOTTOM: 0.75pt; TEXT-ALIGN: left" valign="bottom" width="1%" nowrap="nowrap"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"> </font> </td> </tr> <tr> <td valign="bottom" width="70%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"> </font> </td> <td valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"> </font> </td> <td valign="bottom" width="13%" colspan="2" nowrap="nowrap"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"> </font> </td> <td style="TEXT-ALIGN: left" valign="bottom" width="1%" nowrap="nowrap"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"> </font> </td> <td valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"> </font> </td> <td valign="bottom" width="13%" colspan="2" nowrap="nowrap"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"> </font> </td> <td style="TEXT-ALIGN: left" valign="bottom" width="1%" nowrap="nowrap"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"> </font> </td> </tr> <tr bgcolor="#cceeff"> <td valign="bottom" width="70%" align="left"> <div style="DISPLAY: block; FONT-FAMILY: arial; FONT-SIZE: 10pt; LINE-HEIGHT: 11.4pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt; text-align: left; TEXT-INDENT: 0pt"> Office equipment</div> </td> <td valign="bottom" width="1%" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"> </font> </td> <td style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt; TEXT-ALIGN: left" valign="bottom" width="1%">$</td> <td style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt; TEXT-ALIGN: right" valign="bottom" width="12%">22,145</td> <td style="TEXT-ALIGN: left" valign="bottom" width="1%" nowrap="nowrap"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"> </font> </td> <td valign="bottom" width="1%" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"> </font> </td> <td style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt; TEXT-ALIGN: left" valign="bottom" width="1%">$</td> <td style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt; TEXT-ALIGN: right" valign="bottom" width="12%">12,741</td> <td style="TEXT-ALIGN: left" valign="bottom" width="1%" nowrap="nowrap"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"> </font> </td> </tr> <tr bgcolor="white"> <td valign="bottom" width="70%" align="left"> <div style="DISPLAY: block; FONT-FAMILY: arial; FONT-SIZE: 10pt; LINE-HEIGHT: 11.4pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt; text-align: left; TEXT-INDENT: 0pt"> Lab equipment</div> </td> <td valign="bottom" width="1%" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"> </font> </td> <td style="TEXT-ALIGN: left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"> </font> </td> <td style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt; TEXT-ALIGN: right" valign="bottom" width="12%">467,582</td> <td style="TEXT-ALIGN: left" valign="bottom" width="1%" nowrap="nowrap"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"> </font> </td> <td valign="bottom" width="1%" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"> </font> </td> <td style="TEXT-ALIGN: left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"> </font> </td> <td style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt; TEXT-ALIGN: right" valign="bottom" width="12%">388,521</td> <td style="TEXT-ALIGN: left" valign="bottom" width="1%" nowrap="nowrap"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"> </font> </td> </tr> <tr bgcolor="#cceeff"> <td valign="bottom" width="70%" align="left"> <div style="DISPLAY: block; FONT-FAMILY: arial; FONT-SIZE: 10pt; LINE-HEIGHT: 11.4pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt; text-align: left; TEXT-INDENT: 0pt"> Furniture</div> </td> <td valign="bottom" width="1%" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"> </font> </td> <td style="TEXT-ALIGN: left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"> </font> </td> <td style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt; TEXT-ALIGN: right" valign="bottom" width="12%">4,061</td> <td style="TEXT-ALIGN: left" valign="bottom" width="1%" nowrap="nowrap"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"> </font> </td> <td valign="bottom" width="1%" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"> </font> </td> <td style="TEXT-ALIGN: left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"> </font> </td> <td style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt; TEXT-ALIGN: right" valign="bottom" width="12%">4,061</td> <td style="TEXT-ALIGN: left" valign="bottom" width="1%" nowrap="nowrap"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"> </font> </td> </tr> <tr bgcolor="white"> <td style="PADDING-BOTTOM: 0.75pt" valign="bottom" width="70%" align="left"> <div style="DISPLAY: block; FONT-FAMILY: arial; FONT-SIZE: 10pt; LINE-HEIGHT: 11.4pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt; text-align: left; TEXT-INDENT: 0pt"> Leasehold Improvements</div> </td> <td style="PADDING-BOTTOM: 0.75pt" valign="bottom" width="1%" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"> </font> </td> <td style="BORDER-BOTTOM: #646464 0.75pt solid; TEXT-ALIGN: left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"> </font> </td> <td style="BORDER-BOTTOM: #646464 0.75pt solid; DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt; TEXT-ALIGN: right" valign="bottom" width="12%">37,519</td> <td style="PADDING-BOTTOM: 0.75pt; TEXT-ALIGN: left" valign="bottom" width="1%" nowrap="nowrap"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"> </font> </td> <td style="PADDING-BOTTOM: 0.75pt" valign="bottom" width="1%" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"> </font> </td> <td style="BORDER-BOTTOM: #646464 0.75pt solid; TEXT-ALIGN: left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"> </font> </td> <td style="BORDER-BOTTOM: #646464 0.75pt solid; DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt; TEXT-ALIGN: right" valign="bottom" width="12%">28,134</td> <td style="PADDING-BOTTOM: 0.75pt; TEXT-ALIGN: left" valign="bottom" width="1%" nowrap="nowrap"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"> </font> </td> </tr> <tr bgcolor="#cceeff"> <td valign="bottom" width="70%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"> </font> </td> <td valign="bottom" width="1%" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"> </font> </td> <td style="TEXT-ALIGN: left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"> </font> </td> <td style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt; TEXT-ALIGN: right" valign="bottom" width="12%">531,307</td> <td style="TEXT-ALIGN: left" valign="bottom" width="1%" nowrap="nowrap"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"> </font> </td> <td valign="bottom" width="1%" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"> </font> </td> <td style="TEXT-ALIGN: left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"> </font> </td> <td style="DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt; TEXT-ALIGN: right" valign="bottom" width="12%">433,457</td> <td style="TEXT-ALIGN: left" valign="bottom" width="1%" nowrap="nowrap"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"> </font> </td> </tr> <tr bgcolor="white"> <td style="PADDING-BOTTOM: 0.75pt" valign="bottom" width="70%" align="left"> <div style="DISPLAY: block; FONT-FAMILY: arial; FONT-SIZE: 10pt; LINE-HEIGHT: 11.4pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt; text-align: left; TEXT-INDENT: 0pt"> Less: Accumulated depreciation</div> </td> <td style="PADDING-BOTTOM: 0.75pt" valign="bottom" width="1%" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"> </font> </td> <td style="BORDER-BOTTOM: #646464 0.75pt solid; TEXT-ALIGN: left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"> </font> </td> <td style="BORDER-BOTTOM: #646464 0.75pt solid; DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt; TEXT-ALIGN: right" valign="bottom" width="12%">182,693</td> <td style="PADDING-BOTTOM: 0.75pt; TEXT-ALIGN: left" valign="bottom" width="1%" nowrap="nowrap"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"> </font> </td> <td style="PADDING-BOTTOM: 0.75pt" valign="bottom" width="1%" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"> </font> </td> <td style="BORDER-BOTTOM: #646464 0.75pt solid; TEXT-ALIGN: left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"> </font> </td> <td style="BORDER-BOTTOM: #646464 0.75pt solid; DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt; TEXT-ALIGN: right" valign="bottom" width="12%">132,463</td> <td style="PADDING-BOTTOM: 0.75pt; TEXT-ALIGN: left" valign="bottom" width="1%" nowrap="nowrap"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"> </font> </td> </tr> <tr bgcolor="#cceeff"> <td valign="bottom" width="70%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"> </font> </td> <td valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"> </font> </td> <td style="TEXT-ALIGN: left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"> </font> </td> <td style="TEXT-ALIGN: right" valign="bottom" width="12%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"> </font> </td> <td style="TEXT-ALIGN: left" valign="bottom" width="1%" nowrap="nowrap"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"> </font> </td> <td valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"> </font> </td> <td style="TEXT-ALIGN: left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"> </font> </td> <td style="TEXT-ALIGN: right" valign="bottom" width="12%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"> </font> </td> <td style="TEXT-ALIGN: left" valign="bottom" width="1%" nowrap="nowrap"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"> </font> </td> </tr> <tr bgcolor="white"> <td style="PADDING-BOTTOM: 2.25pt" valign="bottom" width="70%"> <font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"> </font> </td> <td style="PADDING-BOTTOM: 2.25pt" valign="bottom" width="1%" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"> </font> </td> <td style="BORDER-BOTTOM: #646464 2.25pt double; DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt; TEXT-ALIGN: left" valign="bottom" width="1%">$</td> <td style="BORDER-BOTTOM: #646464 2.25pt double; DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt; TEXT-ALIGN: right" valign="bottom" width="12%">348,614</td> <td style="PADDING-BOTTOM: 2.25pt; TEXT-ALIGN: left" valign="bottom" width="1%" nowrap="nowrap"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"> </font> </td> <td style="PADDING-BOTTOM: 2.25pt" valign="bottom" width="1%" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"> </font> </td> <td style="BORDER-BOTTOM: #646464 2.25pt double; DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt; TEXT-ALIGN: left" valign="bottom" width="1%">$</td> <td style="BORDER-BOTTOM: #646464 2.25pt double; DISPLAY: inline; FONT-FAMILY: arial; FONT-SIZE: 10pt; TEXT-ALIGN: right" valign="bottom" width="12%">300,994</td> <td style="PADDING-BOTTOM: 2.25pt; TEXT-ALIGN: left" valign="bottom" width="1%" nowrap="nowrap"><font style="FONT-SIZE: 10pt; FONT-FAMILY: arial; DISPLAY: inline"> </font> </td> </tr> </table> </div> <div style="DISPLAY: block; LINE-HEIGHT: 11.4pt; TEXT-INDENT: 0pt"> </div> <div style="DISPLAY: block; FONT-FAMILY: Arial; FONT-SIZE: 10pt; LINE-HEIGHT: 11.4pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt; text-align: left; TEXT-ALIGN: left; TEXT-INDENT: 0pt"> Depreciation expense for the six months ending June 30, 2013 and 2012 was $51,902 and $16,486. Depreciation expense for the three months ending June 30, 2013 and 2012 was $29,289 and $9,750.</div> <div><br /> </div> <!--EndFragment--></div> </div>falsefalsefalse | 2falsefalsefalse00<!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --><div> <div><!--StartFragment--> <p style="FONT-FAMILY: Arial,Times New Roman; MARGIN: 0px"> <strong>NOTE 3 - PROPERTY AND EQUIPMENT</strong></p> <p style="MARGIN: 0px"><br /> </p> <p style="FONT-FAMILY: Arial,Times New Roman; MARGIN: 0px"> Equipment consists of the following:</p> <p style="MARGIN: 0px"><br /> </p> <table style="FONT-SIZE: 10pt; MARGIN-TOP: 0px" cellspacing="0" cellpadding="0" align="center"> <tr style="FONT-SIZE: 0px"> <td width="249"> </td> <td width="140"> </td> <td width="41"> </td> <td width="136"> </td> </tr> <tr> <td style="MARGIN-TOP: 0px" valign="bottom" width="249"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px" valign="bottom" width="140"> <p style="FONT-FAMILY: Arial,Times New Roman; MARGIN: 0px; text-align: center"> December 31, 2012</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="41"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px" valign="bottom" width="136"> <p style="FONT-FAMILY: Arial,Times New Roman; MARGIN: 0px; text-align: center"> December 31, 2011</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px" valign="bottom" width="249"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="140"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="41"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="136"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccffff" valign="bottom" width="249"> <p style="FONT-FAMILY: Arial; MARGIN: 0px">Office equipment</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccffff" valign="bottom" width="140"> <p style="MARGIN-BOTTOM: -2px; FONT-FAMILY: Arial; FLOAT: left; MARGIN-TOP: 0px; WIDTH: 122px; MARGIN-RIGHT: -113px; TEXT-INDENT: 9px"> $</p> <p style="FLOAT: left; FONT-FAMILY: Arial; MARGIN-BOTTOM: -2px; MARGIN-TOP: 0px; text-align: right; WIDTH: 113px"> 12,741</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccffff" valign="bottom" width="41"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccffff" valign="bottom" width="136"> <p style="MARGIN-BOTTOM: -2px; FONT-FAMILY: Arial; FLOAT: left; MARGIN-TOP: 0px; WIDTH: 118px; MARGIN-RIGHT: -109px; TEXT-INDENT: 9px"> $</p> <p style="FLOAT: left; FONT-FAMILY: Arial; MARGIN-BOTTOM: -2px; MARGIN-TOP: 0px; text-align: right; WIDTH: 109px"> 12,816</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px" valign="bottom" width="249"> <p style="FONT-FAMILY: Arial; MARGIN: 0px">Lab equipment</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="140"> <p style="FLOAT: left; FONT-FAMILY: Arial; MARGIN-BOTTOM: -2px; MARGIN-TOP: 0px; text-align: right; WIDTH: 122px"> 388,521</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="41"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="136"> <p style="FLOAT: left; FONT-FAMILY: Arial; MARGIN-BOTTOM: -2px; MARGIN-TOP: 0px; text-align: right; WIDTH: 118px"> 169,028</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccffff" valign="bottom" width="249"> <p style="FONT-FAMILY: Arial; MARGIN: 0px">Furniture</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccffff" valign="bottom" width="140"> <p style="FLOAT: left; FONT-FAMILY: Arial; MARGIN-BOTTOM: -2px; MARGIN-TOP: 0px; text-align: right; WIDTH: 122px"> 4,061</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccffff" valign="bottom" width="41"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccffff" valign="bottom" width="136"> <p style="FLOAT: left; FONT-FAMILY: Arial; MARGIN-BOTTOM: -2px; MARGIN-TOP: 0px; text-align: right; WIDTH: 118px"> 3,494</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px" valign="bottom" width="249"> <p style="FONT-FAMILY: Arial; MARGIN: 0px">Leasehold improvements</p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px" valign="bottom" width="140"> <p style="FLOAT: left; FONT-FAMILY: Arial; MARGIN-BOTTOM: -2px; MARGIN-TOP: 0px; text-align: right; WIDTH: 122px"> 28,134</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="41"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px" valign="bottom" width="136"> <p style="FLOAT: left; FONT-FAMILY: Arial; MARGIN-BOTTOM: -2px; MARGIN-TOP: 0px; text-align: right; WIDTH: 118px"> 5,368</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccffff" valign="bottom" width="249"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccffff" valign="bottom" width="140"> <p style="FLOAT: left; FONT-FAMILY: Arial; MARGIN-BOTTOM: -2px; MARGIN-TOP: 0px; text-align: right; WIDTH: 122px"> 433,457</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccffff" valign="bottom" width="41"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccffff" valign="bottom" width="136"> <p style="FLOAT: left; FONT-FAMILY: Arial; MARGIN-BOTTOM: -2px; MARGIN-TOP: 0px; text-align: right; WIDTH: 118px"> 190,706</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px" valign="bottom" width="249"> <p style="FONT-FAMILY: Arial; MARGIN: 0px">Less: Accumulated depreciation</p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px" valign="bottom" width="140"> <p style="FLOAT: left; FONT-FAMILY: Arial; MARGIN-BOTTOM: -2px; MARGIN-TOP: 0px; text-align: right; WIDTH: 122px"> 132,463</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="41"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px" valign="bottom" width="136"> <p style="FLOAT: left; FONT-FAMILY: Arial; MARGIN-BOTTOM: -2px; MARGIN-TOP: 0px; text-align: right; WIDTH: 118px"> 101,955</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccffff" valign="bottom" width="249"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccffff" valign="bottom" width="140"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccffff" valign="bottom" width="41"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccffff" valign="bottom" width="136"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px" valign="bottom" width="249"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px" valign="bottom" width="140"> <p style="MARGIN-BOTTOM: -2px; FONT-FAMILY: Arial; FLOAT: left; MARGIN-TOP: 0px; WIDTH: 122px; MARGIN-RIGHT: -113px; TEXT-INDENT: 9px"> $</p> <p style="FLOAT: left; FONT-FAMILY: Arial; MARGIN-BOTTOM: -2px; MARGIN-TOP: 0px; text-align: right; WIDTH: 113px"> 300,994</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="41"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px" valign="bottom" width="136"> <p style="MARGIN-BOTTOM: -2px; FONT-FAMILY: Arial; FLOAT: left; MARGIN-TOP: 0px; WIDTH: 118px; MARGIN-RIGHT: -109px; TEXT-INDENT: 9px"> $</p> <p style="FLOAT: left; FONT-FAMILY: Arial; MARGIN-BOTTOM: -2px; MARGIN-TOP: 0px; text-align: right; WIDTH: 109px"> 88,751</p> </td> </tr> </table> <p style="MARGIN: 0px"><br /> </p> <p style="FONT-FAMILY: Arial,Times New Roman; MARGIN: 0px"> Depreciation expense for the years ending December 31, 2012 and 2011 was $53,391 and $26,711. </p> <p style="MARGIN: 0px; text-align: justify"><br /> </p> <!--EndFragment--></div> </div>falsefalsefalse | nonnum:textBlockItemTypenaThe entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. 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