OTHER BALANCE SHEET INFORMATION

12 Months Ended

Dec. 31, 2011

Notes to Financial Statements

NAME 6- OTHER BALANCE SHEET INFORMATION

Components of selected captions in the accompanying balance sheets as of December 31, 2011 and 2010 consist of:

	2011		2010
Prepaid expenses:
Prepaid insurance		16,707		17,386
Other		416		6,023
Prepaid expenses	$	17,123	$	23,409
Property and equipment:
Computers and office furniture, fixtures and equipment	$	87,370	$	90,660
Machinery and equipment		99,015		173,295
Leasehold improvements		8,902		92,233
Less: accumulated depreciation		(159,853)		(246,709)
Property and equipment, net	$	35,434	$	109,479
Accrued expenses:
Payroll and related	$	-	$	86,000
Professional fees		16,443		82,000
Other				-
Accrued expenses	$	16,443	$	168,000