Property and Equipment

3 Months Ended

Mar. 31, 2013

5.	Property and Equipment

Property and equipment consist of the following as of March 31, 2013 and December 31, 2012:

	March 31, 2013			December 31, 2012
Leasehold improvements	$	1,129,488		$	1,022,230
Lab and clean room equipment		1,887,645			1,887,645
Furniture and office equipment		433,314			431,563
Construction in progress		81,810			10,027
		3,532,257			3,351,465
Less accumulated depreciation		(2,378,590	)		(2,279,840	)
	$	1,153,667		$	1,071,625

- 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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