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3. Property and Equipment: Property, Plant and Equipment (Tables)

12 Months Ended

Dec. 31, 2012

	2012	2011
Laboratory equipment	$ 594,042	$ 591,077
Furniture and fixtures	16,745	16,398
Dies and molds	105,353	105,353
Property and equipment, gross	716,140	712,828
Accumulated depreciation	(673,868)	(658,470)
Property and equipment, net	$ 42,272	$ 54,358

- 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.

+ References+ Details