Leasehold Improvements and Equipment

3 Months Ended

Mar. 31, 2012

Leasehold Improvements and Equipment [Text Block]

Note 3. Leasehold Improvements and Equipment

Leasehold improvements and equipment consisted of the following:

	March 31, 2012		December 31, 2011

Laboratory equipment	$	2,415,463	$	2,378,122
Leasehold improvements		403,971		403,971
Computer equipment		355,319		302,518
Furniture and fixtures		18,313		18,313
Office equipment		7,877		7,877
Construction in progress		101,700		149,086
		3,302,643		3,259,887
Less accumulated depreciation		2,162,156		2,087,599
	$	1,140,487	$	1,172,288

- 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.

+ References+ Details