Property and Equipment (Tables)

12 Months Ended

Dec. 31, 2012

Property and equipment consist of the following as of December 31, 2012 and 2011:

	December 31,
	2012			2011
Leasehold improvements	$	1,022,230		$	925,086
Lab and clean room equipment		1,887,645			1,463,144
Furniture and equipment		431,563			295,654
Construction in Progress		10,027			-
Property, Equipment, gross		3,351,465			2,683,884
Less accumulated depreciation		(2,279,840	)		(1,814,473	)
Property, Equipment, net	$	1,071,625		$	869,411

- 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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