Property and equipment

12 Months Ended

Dec. 31, 2011

6.	Property and equipment

Property and equipment consist of the following as of December 31, 2011 and 2010:

	December 31,
	2011			2010
Leasehold improvements	$	925,086		$	793,900
Lab and clean room equipment		931,432			506,917
Furniture and equipment		827,366			848,843
		2,683,884			2,149,660
Less accumulated depreciation		(1,814,473	)		(1,392,704	)
	$	869,411		$	756,956

(*)	The table above includes adjustments for asset retirements during the year ended December 31, 2011, of fully depreciated equipment of approximately $25,000.

- Definition

The entire disclosure for 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. This disclosure may include property plant and equipment accounting policies and methodology, a schedule of property, plant and equipment gross, additions, deletions, transfers and other changes, depreciation, depletion and amortization expense, net, accumulated depreciation, depletion and amortization expense and useful lives, income statement disclosures, assets held for sale and public utility disclosures.

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