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Property and Equipment (Tables)

12 Months Ended

Mar. 31, 2013

Property, Plant and Equipment [Abstract]

Property and equipment consists of the following:

	March 31,
	2013			2012

Laboratory equipment	$	649,500		$	515,800
Computers and network equipment		12,900			12,900
Office furniture and equipment		69,600			75,600
		732,000			604,300

Accumulated depreciation and amortization		(551,300	)		(529,800	)

Property and equipment, net	$	180,700		$	74,500

- 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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