Annual report pursuant to Section 13 and 15(d)

Property And Equipment, Net

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Property And Equipment, Net
12 Months Ended
Dec. 31, 2011
Property And Equipment, Net [Abstract]  
Property And Equipment, Net

4. Property and Equipment, net

Property and equipment, net consists of the following as of December 31, 2011 and 2010:

 

     2011     2010  

Furniture and fixtures

   $ 20,742      $ 20,742   

Laboratory equipment

     757,882        758,766   

Leasehold improvements

     476,777        476,777   

Office and computer equipment

     271,245        271,245   
  

 

 

   

 

 

 
     1,526,646        1,527,530   

Accumulated depreciation and amortization

     (1,377,960     (1,299,328
  

 

 

   

 

 

 

Property and equipment, net

   $ 148,686      $ 228,202   
  

 

 

   

 

 

 

Depreciation and amortization expense for the years ending December 31, 2011 and 2010 was $79,516 and $42,735, respectively.